BTC funding rate on Hyena
Over the last 30 days, BTC funding on Hyena averaged +9.1% APR and stayed positive 89.6% of the time, ranging from -22.6% to +43.2%. Right now it pays shorts pay longs at -4.0% APR, settled every 8h across 24 venues we track. The most reliable delta-neutral pairing for BTC right now is long HotStuff / short Katana at +12.3% net APR (low risk, ~1.8d to break even).
BTC funding history on Hyenalast 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 | +27.01% |
| Extended | +11.39% |
| Ondo | +10.95% |
| Pacifica | +10.95% |
| Arcus | +10.95% |
| Katana | +10.93% |
| Decibel | +10.51% |
| 01xyz | +9.64% |
| Phoenix | +8.53% |
| Variational | +6.49% |
| Paradex | +6.33% |
| Kraken | +4.08% |
| Aster | +3.14% |
| Hyperliquid | +1.99% |
| SoDEX | +1.69% |
| Perpl | +0.00% |
| Grvt | -0.77% |
| Hyena | -3.98% |
| Hibachi | -4.27% |
| Nado | -5.10% |
| HotStuff | -6.13% |
| Lighter | -7.01% |
| RiseX | -10.28% |
Frequently asked
What is the current BTC funding rate on Hyena?
BTC on Hyena is funding at -3.98% APR (-0.0005% every 8h), paid shorts pay longs, as of 2026-07-29 10:40 UTC.
How often does Hyena pay funding on BTC?
Every 8 hours.
How do I earn BTC funding without price risk?
Open a delta-neutral position: long HotStuff and short Katana, currently 12.3% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.