USUAL funding rate on Kraken

Funding APR
-80.88%
-0.0092% / 1h
Interval
1h
next 06:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
3
listing this pair

Over the last 30 days, USUAL funding on Kraken averaged +67.4% APR and stayed positive 64.5% of the time, ranging from -4425.3% to +4343.4%. Right now it pays shorts pay longs at -80.9% APR, settled every 1h across 3 venues we track. The most reliable delta-neutral pairing for USUAL right now is long Kraken / short Hyperliquid at +54.0% net APR (medium risk, ~2.3d to break even).

as of 2026-09-12 05:36 UTC

USUAL funding history on Krakenlast 30d

30d average
+67.42%
Range
-4425% / 4343%
% positive
64.5%
Volatility
312.9
Best delta-neutral pairing
Long Kraken / Short Hyperliquid
+54.0% net APR
Backtested (30d)
-82.8%
Stability
38%
Risk
medium
Breakeven
~2.3d

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

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How USUAL funding compares across venues

ExchangeFunding APR
Hyperliquid+10.95%
Variational+10.95%
Kraken-80.88%

Frequently asked

What is the current USUAL funding rate on Kraken?

USUAL on Kraken is funding at -80.88% APR (-0.0092% every 1h), paid shorts pay longs, as of 2026-09-12 05:36 UTC.

How often does Kraken pay funding on USUAL?

Every 1 hour.

How do I earn USUAL funding without price risk?

Open a delta-neutral position: long Kraken and short Hyperliquid, currently 54.0% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy