NIL funding rates
NIL perpetual funding is currently quoted across 5 venues, ranging from -192.7% to -18.7% APR. The most reliable delta-neutral pairing for NIL right now is long Extended / short TxFlow at +85.8% net APR (high risk, ~0.5d to break even).
as of 2026-10-27 21:00 UTC
Best delta-neutral pairing
Long Extended / Short TxFlow
+85.8% net APR
- Backtested (30d)
- -2.8%
- Stability
- 30.7%
- Risk
- high
- Breakeven
- ~0.5d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeNIL funding by exchange
| Exchange | Funding APR |
|---|---|
| Hyperliquid | -18.71% |
| TxFlow | -97.57% |
| Aster | -154.62% |
| Variational | -189.71% |
| Extended | -192.72% |
Frequently asked
What is the NIL funding rate right now?
NIL perpetual funding ranges from -192.72% to -18.71% APR across 5 exchanges we track; the widest delta-neutral spread is long Extended / short TxFlow at 85.8% net APR.
Which exchange has the highest NIL funding rate?
Hyperliquid currently has the highest at -18.71% APR. See the full ranking above.