IP funding rate on Kraken

Funding APR
-438.46%
-0.0501% / 1h
Interval
1h
next 15:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
12
listing this pair

Over the last 30 days, IP funding on Kraken averaged -143.8% APR and stayed positive 18.7% of the time, ranging from -4329.3% to +4448.3%. Right now it pays shorts pay longs at -438.5% APR, settled every 1h across 12 venues we track. The most reliable delta-neutral pairing for IP right now is long Hyena / short Hyperliquid at +19.3% net APR (high risk, ~0.8d to break even).

as of 2026-06-11 14:34 UTC

IP funding history on Krakenlast 30d

30d average
-143.79%
Range
-4329% / 4448%
% positive
18.7%
Volatility
627.0
Best delta-neutral pairing
Long Kraken / Short Lighter
+430.6% net APR
Backtested (30d)
+114.7%
Stability
85.1%
Risk
high
Breakeven
~0.5d

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

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How IP funding compares across venues

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
dYdX+10.95%
Variational+10.95%
EdgeX+10.95%
Lighter+10.51%
Hyena-20.97%
Aster-29.12%
01xyz-34.16%
Grvt-47.30%
Paradex-140.72%
Kraken-438.46%

Frequently asked

What is the current IP funding rate on Kraken?

IP on Kraken is funding at -438.46% APR (-0.0501% every 1h), paid shorts pay longs, as of 2026-06-11 14:34 UTC.

How often does Kraken pay funding on IP?

Every 1 hour.

How do I earn IP funding without price risk?

Open a delta-neutral position: long Kraken and short Lighter, currently 430.6% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy