ETH funding rates

ETH perpetual funding is currently quoted across 26 venues, ranging from +0.0% to +32.7% APR. The most reliable delta-neutral pairing for ETH right now is long Hibachi / short Katana at +4.9% net APR (low risk, ~2.3d to break even).

as of 2026-10-28 01:41 UTC
Best delta-neutral pairing
Long Hibachi / Short Katana
+4.9% net APR
Backtested (30d)
+8.2%
Stability
100%
Risk
low
Breakeven
~2.3d

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
dYdX+32.69%
Kraken+13.38%
RiseX+12.53%
n1xyz+11.39%
Extended+11.39%
Hyperliquid+10.95%
Ondo+10.95%
Pacifica+10.95%
Polymarket+10.95%
Variational+10.95%
Arcus+10.95%
SoDEX+10.95%
PopDEX+10.95%
Aster+10.95%
TxFlow+10.95%
Bulk+10.95%
Grvt+10.95%
Nado+10.95%
Katana+10.93%
Paradex+10.76%
Decibel+10.51%
Lighter+10.51%
Phoenix+9.33%
Lighter RH+4.38%
Hibachi+3.61%
Perpl+0.00%

Frequently asked

What is the ETH funding rate right now?

ETH perpetual funding ranges from 0.00% to 32.69% APR across 26 exchanges we track; the widest delta-neutral spread is long Hibachi / short Katana at 4.9% net APR.

Which exchange has the highest ETH funding rate?

dYdX currently has the highest at 32.69% APR. See the full ranking above.