IO funding rates

IO perpetual funding is currently quoted across 5 venues, ranging from -187.8% to +10.9% APR. The most reliable delta-neutral pairing for IO right now is long Kraken / short Variational at +171.1% net APR (high risk, ~1d to break even).

as of 2026-07-29 10:02 UTC
Best delta-neutral pairing
Long Kraken / Short Variational
+171.1% net APR
Backtested (30d)
-138.5%
Stability
69.8%
Risk
high
Breakeven
~1d

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

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IO funding by exchange

ExchangeFunding APR
dYdX+10.95%
Variational+10.95%
Aster+10.95%
Hyperliquid-21.77%
Kraken-187.79%

Frequently asked

What is the IO funding rate right now?

IO perpetual funding ranges from -187.79% to 10.95% APR across 5 exchanges we track; the widest delta-neutral spread is long Kraken / short Variational at 171.1% net APR.

Which exchange has the highest IO funding rate?

dYdX currently has the highest at 10.95% APR. See the full ranking above.