Decibel lists 60 perpetual markets with funding rate data. The current mean funding rate across Decibel perps is 2.91 bps (31.84% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Decibel funding rates

• SKHX: 27.12 bps (296.96% APY)
• SMSN: 25.36 bps (277.69% APY)
• EWY: 12.32 bps (134.90% APY)

Lowest Decibel funding rates

• AAVE: 0.00 bps (0.00% APY)
• CBRS: 0.24 bps (2.63% APY)
• XPL: 0.40 bps (4.38% APY)

Largest absolute Decibel funding rates

Markets with the most extreme Decibel funding (positive or negative): SKHX (27.12 bps), SMSN (25.36 bps), EWY (12.32 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 2026-07-15T22:47:31Z (UTC).