IO funding rates

IO perpetual funding is currently quoted across 5 venues, ranging from -18.3% to +125.6% APR. The most reliable delta-neutral pairing for IO right now is long Hyperliquid / short Kraken at +104.9% net APR (medium risk, ~1.3d to break even).

as of 2026-09-12 04:40 UTC
Best delta-neutral pairing
Long Hyperliquid / Short Kraken
+104.9% net APR
Backtested (30d)
+112.6%
Stability
69.1%
Risk
medium
Breakeven
~1.3d

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
Kraken+125.56%
Extended+11.39%
Variational+10.95%
Aster+10.95%
Hyperliquid-18.25%

Frequently asked

What is the IO funding rate right now?

IO perpetual funding ranges from -18.25% to 125.56% APR across 5 exchanges we track; the widest delta-neutral spread is long Hyperliquid / short Kraken at 104.9% net APR.

Which exchange has the highest IO funding rate?

Kraken currently has the highest at 125.56% APR. See the full ranking above.