ETH funding rate on Hyena

Funding APR
+8.39%
0.0010% / 8h
Interval
8h
next 16:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
24
listing this pair

Over the last 30 days, ETH funding on Hyena averaged +8.8% APR and stayed positive 93% of the time, ranging from -9.1% to +244.9%. Right now it pays longs pay shorts at +8.4% APR, settled every 8h across 24 venues we track. The most reliable delta-neutral pairing for ETH right now is long Hibachi / short Katana at +5.2% net APR (low risk, ~3.2d to break even).

as of 2026-07-29 10:40 UTC

ETH funding history on Hyenalast 30d

30d average
+8.76%
Range
-9% / 245%
% positive
93%
Volatility
11.6
Best delta-neutral pairing
Long Hibachi / Short Katana
+5.2% net APR
Backtested (30d)
+7.6%
Stability
100%
Risk
low
Breakeven
~3.2d

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

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How ETH funding compares across venues

ExchangeFunding APR
Perpl+24.45%
01xyz+15.77%
Extended+11.39%
RiseX+11.26%
Ondo+10.95%
Pacifica+10.95%
Variational+10.95%
Aster+10.95%
Arcus+10.95%
Nado+10.95%
Katana+10.93%
Decibel+9.64%
SoDEX+9.64%
Hyena+8.39%
dYdX+7.67%
Paradex+3.80%
Lighter+2.63%
Hibachi+1.42%
Ethereal+1.37%
Hyperliquid+0.61%
HotStuff+0.00%
Kraken-1.26%
Grvt-4.49%
Phoenix-5.01%

Frequently asked

What is the current ETH funding rate on Hyena?

ETH on Hyena is funding at 8.39% APR (0.0010% every 8h), paid longs pay shorts, as of 2026-07-29 10:40 UTC.

How often does Hyena pay funding on ETH?

Every 8 hours.

How do I earn ETH funding without price risk?

Open a delta-neutral position: long Hibachi and short Katana, currently 5.2% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy