ENS funding rates

ENS perpetual funding is currently quoted across 5 venues, ranging from -23.3% to +11.4% APR. The most reliable delta-neutral pairing for ENS right now is long Variational / short Hyperliquid at +21.5% net APR (high risk, ~2.7d to break even).

as of 2026-10-27 21:43 UTC
Best delta-neutral pairing
Long Variational / Short Hyperliquid
+21.5% net APR
Backtested (30d)
-4.3%
Stability
88.7%
Risk
high
Breakeven
~2.7d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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ENS funding by exchange

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
Aster+7.21%
Kraken-3.20%
Variational-23.26%

Frequently asked

What is the ENS funding rate right now?

ENS perpetual funding ranges from -23.26% to 11.39% APR across 5 exchanges we track; the widest delta-neutral spread is long Variational / short Hyperliquid at 21.5% net APR.

Which exchange has the highest ENS funding rate?

Extended currently has the highest at 11.39% APR. See the full ranking above.