2Z funding rate on Variational

Funding APR
-21.02%
-0.0096% / 4h
Interval
4h
next 04:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
8
listing this pair

Over the last 30 days, 2Z funding on Variational averaged +1.7% APR and stayed positive 71.4% of the time, ranging from -80.4% to +10.9%. Right now it pays shorts pay longs at -21.0% APR, settled every 4h across 8 venues we track. The most reliable delta-neutral pairing for 2Z right now is long Lighter / short Hyperliquid at +30.9% net APR (high risk, ~3.6d to break even).

as of 2026-06-14 03:31 UTC

2Z funding history on Variationallast 30d

30d average
+1.67%
Range
-80% / 11%
% positive
71.4%
Volatility
16.0
Best delta-neutral pairing
Long Lighter / Short Hyperliquid
+30.9% net APR
Backtested (30d)
-26.9%
Stability
23.3%
Risk
high
Breakeven
~3.6d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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How 2Z funding compares across venues

ExchangeFunding APR
Hyperliquid+10.95%
EdgeX+1.28%
dYdX+0.00%
Variational-21.02%
Lighter-35.92%
Aster-57.91%
Pacifica-76.64%
Kraken-91.61%

Frequently asked

What is the current 2Z funding rate on Variational?

2Z on Variational is funding at -21.02% APR (-0.0096% every 4h), paid shorts pay longs, as of 2026-06-14 03:31 UTC.

How often does Variational pay funding on 2Z?

Every 4 hours.

How do I earn 2Z funding without price risk?

Open a delta-neutral position: long Lighter and short Hyperliquid, currently 30.9% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy