IP funding rate on Hyena

Funding APR
+5.65%
0.0006% / 8h
Interval
8h
next 00:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
12
listing this pair

Over the last 30 days, IP funding on Hyena averaged -37.8% APR and stayed positive 28.8% of the time, ranging from -542.8% to +115.7%. Right now it pays longs pay shorts at +5.7% APR, settled every 8h across 12 venues we track. The most reliable delta-neutral pairing for IP right now is long Kraken / short Lighter at +22.8% net APR (high risk, ~0.5d to break even).

as of 2026-06-13 21:17 UTC

IP funding history on Hyenalast 30d

30d average
-37.79%
Range
-543% / 116%
% positive
28.8%
Volatility
63.6
Best delta-neutral pairing
Long Kraken / Short Hyena
+16.1% net APR
Backtested (30d)
+69.1%
Stability
71.3%
Risk
high
Breakeven
~0.6d

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

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How IP funding compares across venues

ExchangeFunding APR
Hyperliquid+10.95%
dYdX+10.95%
Variational+10.95%
EdgeX+10.95%
Lighter+10.51%
Hyena+5.65%
Extended-15.77%
Aster-16.24%
Grvt-20.37%
Kraken-29.17%
01xyz-32.41%
Paradex-119.29%

Frequently asked

What is the current IP funding rate on Hyena?

IP on Hyena is funding at 5.65% APR (0.0006% every 8h), paid longs pay shorts, as of 2026-06-13 21:17 UTC.

How often does Hyena pay funding on IP?

Every 8 hours.

How do I earn IP funding without price risk?

Open a delta-neutral position: long Kraken and short Hyena, currently 16.1% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy