BTC funding rate on Ethereal
Over the last 30 days, BTC funding on Ethereal averaged +12.5% APR and stayed positive 98.6% of the time, ranging from -4.5% to +59.4%. Right now it pays longs pay shorts at +58.9% APR, settled every 1h across 24 venues we track. The most reliable delta-neutral pairing for BTC right now is long HotStuff / short Katana at +14.0% net APR (low risk, ~1.8d to break even).
BTC funding history on Ethereallast 30d
- Backtested (30d)
- +42.3%
- Stability
- 81.1%
- Risk
- low
- Breakeven
- ~1.8d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How BTC funding compares across venues
| Exchange | Funding APR |
|---|---|
| Ethereal | +58.91% |
| dYdX | +27.53% |
| Extended | +11.39% |
| Ondo | +10.95% |
| Pacifica | +10.95% |
| Arcus | +10.95% |
| Katana | +10.93% |
| Decibel | +10.51% |
| 01xyz | +9.64% |
| Phoenix | +8.53% |
| Paradex | +6.54% |
| Variational | +6.24% |
| Kraken | +4.08% |
| Aster | +3.21% |
| SoDEX | +2.44% |
| Hyperliquid | +1.76% |
| Perpl | +0.00% |
| Grvt | -0.44% |
| Hyena | -3.32% |
| Hibachi | -4.49% |
| Nado | -5.35% |
| Lighter | -6.13% |
| HotStuff | -7.88% |
| RiseX | -10.28% |
Frequently asked
What is the current BTC funding rate on Ethereal?
BTC on Ethereal is funding at 58.91% APR (0.0067% every 1h), paid longs pay shorts, as of 2026-07-29 10:46 UTC.
How often does Ethereal pay funding on BTC?
Every 1 hour.
How do I earn BTC funding without price risk?
Open a delta-neutral position: long HotStuff and short Katana, currently 14.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.