Ethereal lists 18 perpetual markets with funding rate data. The current mean funding rate across Ethereal perps is 0.66 bps (7.24% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Ethereal funding rates

• ENA: 1.14 bps (12.48% APY)
• ZEC: 0.91 bps (10.00% APY)
• ETH: 0.91 bps (10.00% APY)

Lowest Ethereal funding rates

• SOL: -2.46 bps (-26.98% APY)
• MON: -0.12 bps (-1.28% APY)
• BTC: 0.73 bps (7.94% APY)

Largest absolute Ethereal funding rates

Markets with the most extreme Ethereal funding (positive or negative): SOL (-2.46 bps), ENA (1.14 bps), ZEC (0.91 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 2026-05-23 13:43:59 (UTC).