IP funding rates

IP perpetual funding is currently quoted across 12 venues, ranging from -468.9% to +10.9% APR. The most reliable delta-neutral pairing for IP right now is long Hyena / short Hyperliquid at +32.7% net APR (high risk, ~0.8d to break even).

as of 2026-06-13 23:07 UTC
Best delta-neutral pairing
Long Hyena / Short Hyperliquid
+32.7% net APR
Backtested (30d)
+18.5%
Stability
85%
Risk
high
Breakeven
~0.8d

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

Open this trade

IP funding by exchange

ExchangeFunding APR
Hyperliquid+10.95%
dYdX+10.95%
Variational+10.95%
EdgeX+10.95%
Lighter+10.51%
Grvt-29.35%
Hyena-33.83%
Aster-42.91%
01xyz-47.30%
Extended-77.09%
Paradex-127.57%
Kraken-468.86%

Frequently asked

What is the IP funding rate right now?

IP perpetual funding ranges from -468.86% to 10.95% APR across 12 exchanges we track; the widest delta-neutral spread is long Hyena / short Hyperliquid at 32.7% net APR.

Which exchange has the highest IP funding rate?

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