IP Funding Rate History
IP perpetual futures funding ranges from -28.40 bps on ZO to 33.50 bps on REYA across 4 reporting venues, a spread of 61.90 bps. The most extreme rate (366.82% APY annualized) is on REYA. Currently funding signs are mixed: 1 positive, 1 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on IP price.
IP Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| REYA | 33.50 bps | 366.82% APY | 31.80 bps | $0 |
| ZO | -28.40 bps | -310.98% APY | -28.40 bps | $0 |
| GRVT | 0.00 bps | 0.00% APY | n/a | $6.16K |
| HYENA | 0.00 bps | 0.00% APY | n/a | $0 |
Last updated 2026-07-16T14:44:15Z (UTC).
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Related: IP open interest, IP volume, IP perp market data.