NOW funding rates
NOW perpetual funding is currently quoted across 4 venues, ranging from -10.4% to +3.5% APR. The most reliable delta-neutral pairing for NOW right now is long TradeXYZ / short Lighter at +2.6% net APR (high risk, ~2.6d to break even).
as of 2026-06-12 03:41 UTC
Best delta-neutral pairing
Long TradeXYZ / Short Lighter
+2.6% net APR
- Backtested (30d)
- -53.3%
- Stability
- 20.6%
- Risk
- high
- Breakeven
- ~2.6d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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Frequently asked
What is the NOW funding rate right now?
NOW perpetual funding ranges from -10.43% to 3.50% APR across 4 exchanges we track; the widest delta-neutral spread is long TradeXYZ / short Lighter at 2.6% net APR.
Which exchange has the highest NOW funding rate?
Lighter currently has the highest at 3.50% APR. See the full ranking above.