USUAL funding rates
USUAL perpetual funding is currently quoted across 4 venues, ranging from -68.8% to +10.9% APR. The most reliable delta-neutral pairing for USUAL right now is long Hyperliquid / short Kraken at +19.4% net APR (medium risk, ~3.2d to break even).
as of 2026-07-29 10:02 UTC
Best delta-neutral pairing
Long Hyperliquid / Short Kraken
+19.4% net APR
- Backtested (30d)
- -3.5%
- Stability
- 28.5%
- Risk
- medium
- Breakeven
- ~3.2d
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 |
|---|---|
| Variational | +10.95% |
| dYdX | +0.00% |
| Kraken | -12.37% |
| Hyperliquid | -68.85% |
Frequently asked
What is the USUAL funding rate right now?
USUAL perpetual funding ranges from -68.85% to 10.95% APR across 4 exchanges we track; the widest delta-neutral spread is long Hyperliquid / short Kraken at 19.4% net APR.
Which exchange has the highest USUAL funding rate?
Variational currently has the highest at 10.95% APR. See the full ranking above.