META funding rates

META perpetual funding is currently quoted across 20 venues, ranging from -13.8% to +56.8% APR. The most reliable delta-neutral pairing for META right now is long Variational / short Phoenix at +25.7% net APR (medium risk, ~0.9d to break even).

as of 2026-10-28 12:02 UTC
Best delta-neutral pairing
Long Variational / Short Phoenix
+25.7% net APR
Backtested (30d)
+18.7%
Stability
91.6%
Risk
medium
Breakeven
~0.9d

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

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META funding by exchange

ExchangeFunding APR
Arcus+56.77%
PopDEX+51.60%
Lighter+35.92%
Decibel+34.16%
Nado+33.97%
Phoenix+32.42%
Polymarket+28.67%
Lighter RH+28.03%
TradeXYZ+27.10%
Extended+14.89%
RiseX+14.57%
Paradex+13.38%
Grvt+11.28%
Pacifica+10.95%
QFEX+8.76%
Ondo+5.52%
SoDEX+5.47%
Variational+3.86%
Aster+0.00%
TxFlow-13.80%

Frequently asked

What is the META funding rate right now?

META perpetual funding ranges from -13.80% to 56.77% APR across 20 exchanges we track; the widest delta-neutral spread is long Variational / short Phoenix at 25.7% net APR.

Which exchange has the highest META funding rate?

Arcus currently has the highest at 56.77% APR. See the full ranking above.