Ethereal lists 18 perpetual markets with funding rate data. The current mean funding rate across Ethereal perps is 0.33 bps (3.58% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Ethereal funding rates

• ENA: 1.87 bps (20.45% APY)
• TON: 1.70 bps (18.65% APY)
• MON: 0.91 bps (10.00% APY)

Lowest Ethereal funding rates

• SUI: -4.51 bps (-49.34% APY)
• AAVE: -1.45 bps (-15.91% APY)
• HYPE: -0.65 bps (-7.13% APY)

Largest absolute Ethereal funding rates

Markets with the most extreme Ethereal funding (positive or negative): SUI (-4.51 bps), ENA (1.87 bps), TON (1.70 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 2026-07-07T14:12:28Z (UTC).