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Hibachi funding rate history

Hibachi lists 14 perpetual markets with funding rate data. The current mean funding rate across Hibachi perps is -0.07 bps (-0.71% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Hibachi funding rates

  • JPY: 0.59 bps (6.46% APY)
  • GBP: 0.48 bps (5.26% APY)
  • PAXG: 0.26 bps (2.85% APY)

Lowest Hibachi funding rates

  • HYPE: -0.87 bps (-9.53% APY)
  • ETH: -0.48 bps (-5.26% APY)
  • SUI: -0.39 bps (-4.27% APY)

Largest absolute Hibachi funding rates

Markets with the most extreme Hibachi funding (positive or negative): HYPE (-0.87 bps), JPY (0.59 bps), ETH (-0.48 bps).

About Hibachi funding rates

Funding payments keep Hibachi perpetual contracts pinned to the underlying spot price. A positive Hibachi funding rate means longs pay shorts — the long side is crowded and willing to pay to hold the position. A negative Hibachi funding rate means shorts pay longs. All rates on this page are normalized to an 8-hour basis so Hibachi 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

Hibachi funding rate questions

Hibachi currently reports funding for 14 perpetual futures markets with a mean 8-hour-normalized rate of -0.07 bps.

  • What is the average funding rate on Hibachi?

    The mean funding rate across 14 Hibachi perpetual markets is -0.07 bps, equivalent to -0.7% annualized after normalizing each market to an 8-hour basis.

  • Which Hibachi perpetual has the highest funding rate?

    JPY has the highest current Hibachi funding rate at +0.59 bps, or +6.5% annualized.

  • Which Hibachi perpetual has the lowest funding rate?

    HYPE has the lowest current Hibachi funding rate at -0.87 bps, or -9.5% annualized.

  • Which Hibachi market has the most extreme funding?

    HYPE has the largest absolute funding rate on Hibachi at -0.87 bps. Absolute magnitude identifies the market furthest from a flat rate, regardless of sign.

  • What does a positive Hibachi funding rate mean?

    A positive normalized rate means longs pay shorts on that Hibachi perpetual. A negative rate means shorts pay longs. The payment direction is market-specific and can differ across symbols on the same venue.

Related: Hibachi open interest, Hibachi volume, Hibachi market data.