PAYP funding rates

PAYP perpetual funding is currently quoted across 3 venues, ranging from -226.4% to +0.0% APR. The most reliable delta-neutral pairing for PAYP right now is long Grvt / short Variational at +78.7% net APR (medium risk, ~0.8d to break even).

as of 2026-07-29 10:42 UTC
Best delta-neutral pairing
Long Grvt / Short Variational
+78.7% net APR
Backtested (30d)
-1.9%
Stability
30%
Risk
medium
Breakeven
~0.8d

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

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PAYP funding by exchange

ExchangeFunding APR
Aster+0.00%
Variational-135.85%
Grvt-226.45%

Frequently asked

What is the PAYP funding rate right now?

PAYP perpetual funding ranges from -226.45% to 0.00% APR across 3 exchanges we track; the widest delta-neutral spread is long Grvt / short Variational at 78.7% net APR.

Which exchange has the highest PAYP funding rate?

Aster currently has the highest at 0.00% APR. See the full ranking above.