BASED funding rate on Variational

Funding APR
-6.33%
-0.0029% / 4h
Interval
4h
next 04:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
4
listing this pair

Over the last 30 days, BASED funding on Variational averaged +9.3% APR and stayed positive 95.2% of the time, ranging from -56.3% to +10.9%. Right now it pays shorts pay longs at -6.3% APR, settled every 4h across 4 venues we track. The most reliable delta-neutral pairing for BASED right now is long Variational / short Hyena at +138.0% net APR (high risk, ~5.1d to break even).

as of 2026-06-14 02:05 UTC

BASED funding history on Variationallast 30d

30d average
+9.31%
Range
-56% / 11%
% positive
95.2%
Volatility
7.3
Best delta-neutral pairing
Long Variational / Short Hyena
+138.0% net APR
Backtested (30d)
-47.2%
Stability
35.7%
Risk
high
Breakeven
~5.1d

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

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How BASED funding compares across venues

ExchangeFunding APR
Hyena+178.08%
Grvt+10.95%
Aster+10.95%
Variational-6.33%

Frequently asked

What is the current BASED funding rate on Variational?

BASED on Variational is funding at -6.33% APR (-0.0029% every 4h), paid shorts pay longs, as of 2026-06-14 02:05 UTC.

How often does Variational pay funding on BASED?

Every 4 hours.

How do I earn BASED funding without price risk?

Open a delta-neutral position: long Variational and short Hyena, currently 138.0% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy