ICP funding rates

ICP perpetual funding is currently quoted across 9 venues, ranging from +0.0% to +30.4% APR. The most reliable delta-neutral pairing for ICP right now is long Variational / short Lighter at +4.7% net APR (medium risk, ~2.7d to break even).

as of 2026-07-29 10:02 UTC
Best delta-neutral pairing
Long Variational / Short Lighter
+4.7% net APR
Backtested (30d)
+9.2%
Stability
82.7%
Risk
medium
Breakeven
~2.7d

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

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ICP funding by exchange

ExchangeFunding APR
Kraken+30.45%
Pacifica+10.95%
EdgeX+10.95%
Lighter+10.51%
Hyperliquid+5.85%
Grvt+4.16%
Variational+2.27%
Aster+1.85%
dYdX+0.00%

Frequently asked

What is the ICP funding rate right now?

ICP perpetual funding ranges from 0.00% to 30.45% APR across 9 exchanges we track; the widest delta-neutral spread is long Variational / short Lighter at 4.7% net APR.

Which exchange has the highest ICP funding rate?

Kraken currently has the highest at 30.45% APR. See the full ranking above.