What is the average funding rate on Ethereal?
The mean funding rate across 18 Ethereal perpetual markets is +0.36 bps, equivalent to +3.9% annualized after normalizing each market to an 8-hour basis.
Ethereal funding rate history
Ethereal lists 18 perpetual markets with funding rate data. The current mean funding rate across Ethereal perps is 0.36 bps (3.95% APY) (8h-normalized so it can be compared across venues with different funding intervals).
Highest Ethereal funding rates
- BTC: 1.68 bps (18.41% APY)
- ZEC: 0.91 bps (10.00% APY)
- HYPE: 0.91 bps (10.00% APY)
Lowest Ethereal funding rates
- SOL: -6.80 bps (-74.44% APY)
- XRP: -1.17 bps (-12.77% APY)
- ENA: 0.49 bps (5.36% APY)
Largest absolute Ethereal funding rates
Markets with the most extreme Ethereal funding (positive or negative): SOL (-6.80 bps), BTC (1.68 bps), XRP (-1.17 bps).
About Ethereal funding rates
Funding payments keep Ethereal perpetual contracts pinned to the underlying spot price. A positive Ethereal funding rate means longs pay shorts — the long side is crowded and willing to pay to hold the position. A negative Ethereal funding rate means shorts pay longs. All rates on this page are normalized to an 8-hour basis so Ethereal can be compared directly with venues that fund hourly, every 4 hours, or on any other schedule.
Last updated 2026-08-21T17:13:47Z (UTC).
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FAQs
Ethereal funding rate questions
Ethereal currently reports funding for 18 perpetual futures markets with a mean 8-hour-normalized rate of +0.36 bps.
Which Ethereal perpetual has the highest funding rate?
BTC has the highest current Ethereal funding rate at +1.68 bps, or +18.4% annualized.
Which Ethereal perpetual has the lowest funding rate?
SOL has the lowest current Ethereal funding rate at -6.80 bps, or -74.4% annualized.
Which Ethereal market has the most extreme funding?
SOL has the largest absolute funding rate on Ethereal at -6.80 bps. Absolute magnitude identifies the market furthest from a flat rate, regardless of sign.
What does a positive Ethereal funding rate mean?
A positive normalized rate means longs pay shorts on that Ethereal perpetual. A negative rate means shorts pay longs. The payment direction is market-specific and can differ across symbols on the same venue.
