Decibel lists 33 perpetual markets with funding rate data. The current mean funding rate across Decibel perps is 2.09 bps (22.86% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Decibel funding rates

• SNDK: 12.08 bps (132.28% APY)
• CBRS: 11.44 bps (125.27% APY)
• MEGA: 5.28 bps (57.82% APY)

Lowest Decibel funding rates

• CHIP: 0.00 bps (0.00% APY)
• CL: 0.48 bps (5.26% APY)
• HYPE: 0.56 bps (6.13% APY)

Largest absolute Decibel funding rates

Markets with the most extreme Decibel funding (positive or negative): SNDK (12.08 bps), CBRS (11.44 bps), MEGA (5.28 bps).

About Decibel funding rates

Funding payments keep Decibel perpetual contracts pinned to the underlying spot price. A positive Decibel funding rate means longs pay shorts — the long side is crowded and willing to pay to hold the position. A negative Decibel funding rate means shorts pay longs. All rates on this page are normalized to an 8-hour basis so Decibel can be compared directly with venues that fund hourly, every 4 hours, or on any other schedule.

Last updated 2026-05-31 23:32:31 (UTC).