BTC funding rate on Perpl

Funding APR
-48.89%
-0.0040% / 1h
Interval
1h
next 19:51 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
25
listing this pair

Over the last 30 days, BTC funding on Perpl averaged -2.5% APR and stayed positive 42.5% of the time, ranging from -48.9% to +48.9%. Right now it pays shorts pay longs at -48.9% APR, settled every 1h across 25 venues we track. The most reliable delta-neutral pairing for BTC right now is long HotStuff / short Katana at +35569.5% net APR (low risk, ~0d to break even).

as of 2026-09-04 19:10 UTC

BTC funding history on Perpllast 30d

30d average
-2.47%
Range
-49% / 49%
% positive
42.5%
Volatility
32.0
Best delta-neutral pairing
Long HotStuff / Short Katana
+35569.5% net APR
Backtested (30d)
+206.1%
Stability
73%
Risk
low
Breakeven
~0d

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

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How BTC funding compares across venues

ExchangeFunding APR
Phoenix+14.85%
Extended+11.39%
Hyperliquid+10.95%
Ondo+10.95%
Pacifica+10.95%
Polymarket+10.95%
Arcus+10.95%
Katana+10.93%
Lighter RH+10.51%
Decibel+10.51%
Lighter+10.51%
Paradex+9.88%
SoDEX+6.68%
TxFlow+6.39%
Variational+6.14%
Grvt+5.15%
Kraken+1.27%
Nado+1.21%
Aster+0.97%
dYdX+0.00%
Hibachi-1.53%
n1xyz-3.50%
RiseX-13.02%
Perpl-48.89%
HotStuff-35606.77%

Frequently asked

What is the current BTC funding rate on Perpl?

BTC on Perpl is funding at -48.89% APR (-0.0040% every 1h), paid shorts pay longs, as of 2026-09-04 19:10 UTC.

How often does Perpl pay funding on BTC?

Every 1 hour.

How do I earn BTC funding without price risk?

Open a delta-neutral position: long HotStuff and short Katana, currently 35569.5% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy