FET funding rates

FET perpetual funding is currently quoted across 7 venues, ranging from +0.0% to +13.8% APR. The most reliable delta-neutral pairing for FET right now is long Phoenix / short Variational at +4.1% net APR (low risk, ~4.4d to break even).

as of 2026-10-27 21:43 UTC
Best delta-neutral pairing
Long Phoenix / Short Variational
+4.1% net APR
Backtested (30d)
-12.4%
Stability
55.4%
Risk
low
Breakeven
~4.4d

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

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FET funding by exchange

ExchangeFunding APR
Kraken+13.75%
Extended+11.39%
Hyperliquid+10.95%
Variational+10.95%
Aster+10.95%
TxFlow+10.95%
Phoenix+0.00%

Frequently asked

What is the FET funding rate right now?

FET perpetual funding ranges from 0.00% to 13.75% APR across 7 exchanges we track; the widest delta-neutral spread is long Phoenix / short Variational at 4.1% net APR.

Which exchange has the highest FET funding rate?

Kraken currently has the highest at 13.75% APR. See the full ranking above.