USUAL funding rates
USUAL perpetual funding is currently quoted across 4 venues, ranging from -238.3% to +10.9% APR. The most reliable delta-neutral pairing for USUAL right now is long Kraken / short Hyperliquid at +217.1% net APR (high risk, ~3.4d to break even).
as of 2026-06-12 05:39 UTC
Best delta-neutral pairing
Long Kraken / Short Hyperliquid
+217.1% net APR
- Backtested (30d)
- -259.5%
- Stability
- 73.3%
- Risk
- high
- Breakeven
- ~3.4d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeUSUAL funding by exchange
| Exchange | Funding APR |
|---|---|
| Hyperliquid | +10.95% |
| Variational | +8.29% |
| dYdX | +0.00% |
| Kraken | -238.25% |
Frequently asked
What is the USUAL funding rate right now?
USUAL perpetual funding ranges from -238.25% to 10.95% APR across 4 exchanges we track; the widest delta-neutral spread is long Kraken / short Hyperliquid at 217.1% net APR.
Which exchange has the highest USUAL funding rate?
Hyperliquid currently has the highest at 10.95% APR. See the full ranking above.