HYPE funding rates
HYPE perpetual funding is currently quoted across 26 venues, ranging from -34.4% to +22.9% APR. The most reliable delta-neutral pairing for HYPE right now is long Hibachi / short Phoenix at +46.6% net APR (medium risk, ~0.7d to break even).
as of 2026-09-12 14:55 UTC
Best delta-neutral pairing
Long Hibachi / Short Phoenix
+46.6% net APR
- Backtested (30d)
- +10.8%
- Stability
- 84.9%
- Risk
- medium
- Breakeven
- ~0.7d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeHYPE funding by exchange
| Exchange | Funding APR |
|---|---|
| Phoenix | +22.92% |
| Kraken | +22.29% |
| RiseX | +21.35% |
| Extended | +11.39% |
| Pacifica | +10.95% |
| Variational | +10.95% |
| Grvt | +10.95% |
| Arcus | +10.95% |
| Aster | +10.95% |
| Bulk | +10.95% |
| Nado | +10.95% |
| Katana | +10.93% |
| Lighter RH | +10.51% |
| Decibel | +10.51% |
| HotStuff | +8.76% |
| Paradex | +3.96% |
| Lighter | +3.50% |
| Hyperliquid | +1.08% |
| TxFlow | +0.55% |
| dYdX | +0.00% |
| Perpl | +0.00% |
| n1xyz | -3.50% |
| Ondo | -6.57% |
| SoDEX | -9.62% |
| Polymarket | -10.07% |
| Hibachi | -34.38% |
Frequently asked
What is the HYPE funding rate right now?
HYPE perpetual funding ranges from -34.38% to 22.92% APR across 26 exchanges we track; the widest delta-neutral spread is long Hibachi / short Phoenix at 46.6% net APR.
Which exchange has the highest HYPE funding rate?
Phoenix currently has the highest at 22.92% APR. See the full ranking above.