NBIS funding rates

NBIS perpetual funding is currently quoted across 6 venues, ranging from +16.6% to +120.3% APR. The most reliable delta-neutral pairing for NBIS right now is long Variational / short Grvt at +55.9% net APR (high risk, ~0.9d to break even).

as of 2026-07-29 10:02 UTC
Best delta-neutral pairing
Long Variational / Short Grvt
+55.9% net APR
Backtested (30d)
+25.6%
Stability
82.7%
Risk
high
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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NBIS funding by exchange

ExchangeFunding APR
Grvt+120.34%
Variational+57.49%
Aster+39.65%
TradeXYZ+27.34%
QFEX+17.52%
Lighter+16.64%

Frequently asked

What is the NBIS funding rate right now?

NBIS perpetual funding ranges from 16.64% to 120.34% APR across 6 exchanges we track; the widest delta-neutral spread is long Variational / short Grvt at 55.9% net APR.

Which exchange has the highest NBIS funding rate?

Grvt currently has the highest at 120.34% APR. See the full ranking above.