ETH funding rates

ETH perpetual funding is currently quoted across 26 venues, ranging from -8.8% to +11.4% APR. The most reliable delta-neutral pairing for ETH right now is long HotStuff / short Ondo at +1.8% net APR (high risk, ~2d to break even).

as of 2026-09-12 14:34 UTC
Best delta-neutral pairing
Long HotStuff / Short Ondo
+1.8% net APR
Backtested (30d)
+433.5%
Stability
72.6%
Risk
high
Breakeven
~2d

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

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ETH funding by exchange

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
Pacifica+10.95%
Polymarket+10.95%
Arcus+10.95%
Bulk+10.95%
Nado+10.95%
Katana+10.93%
Phoenix+10.67%
SoDEX+10.58%
RiseX+10.57%
Lighter RH+10.51%
Lighter+10.51%
Paradex+10.25%
Decibel+9.64%
Aster+8.96%
Kraken+8.35%
Variational+5.29%
TxFlow+5.13%
dYdX+0.09%
Perpl+0.00%
Hibachi-1.97%
Ondo-2.01%
Grvt-3.72%
n1xyz-7.01%
HotStuff-8.76%

Frequently asked

What is the ETH funding rate right now?

ETH perpetual funding ranges from -8.76% to 11.39% APR across 26 exchanges we track; the widest delta-neutral spread is long HotStuff / short Ondo at 1.8% net APR.

Which exchange has the highest ETH funding rate?

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