NIL funding rates
NIL perpetual funding is currently quoted across 4 venues, ranging from -12.6% to +10.9% APR. The most reliable delta-neutral pairing for NIL right now is long Aster / short Variational at +10.9% net APR (high risk, ~4d to break even).
as of 2026-07-29 10:36 UTC
Best delta-neutral pairing
Long Aster / Short Variational
+10.9% net APR
- Backtested (30d)
- +14.8%
- Stability
- 82.7%
- Risk
- high
- Breakeven
- ~4d
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 | +10.95% |
| dYdX | +10.95% |
| Variational | +10.95% |
| Aster | -12.63% |
Frequently asked
What is the NIL funding rate right now?
NIL perpetual funding ranges from -12.63% to 10.95% APR across 4 exchanges we track; the widest delta-neutral spread is long Aster / short Variational at 10.9% net APR.
Which exchange has the highest NIL funding rate?
Hyperliquid currently has the highest at 10.95% APR. See the full ranking above.