BTC funding rate on Variational

Funding APR
+5.88%
0.0054% / 8h
Interval
8h
next 08:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
26
listing this pair

Over the last 30 days, BTC funding on Variational averaged +7.3% APR and stayed positive 98.9% of the time, ranging from -0.7% to +10.9%. Right now it pays longs pay shorts at +5.9% APR, settled every 8h across 26 venues we track. The most reliable delta-neutral pairing for BTC right now is long HotStuff / short TxFlow at +6.4% net APR (high risk, ~3.6d to break even).

as of 2026-09-12 04:04 UTC

BTC funding history on Variationallast 30d

30d average
+7.35%
Range
-1% / 11%
% positive
98.9%
Volatility
3.2
Best delta-neutral pairing
Long HotStuff / Short TxFlow
+6.4% net APR
Backtested (30d)
+456.9%
Stability
78%
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 BTC funding compares across venues

ExchangeFunding APR
Extended+11.39%
Pacifica+10.95%
Polymarket+10.95%
Arcus+10.95%
Bulk+10.95%
Katana+10.93%
Decibel+10.51%
Lighter+10.51%
Lighter RH+9.64%
Grvt+9.64%
Paradex+8.30%
Nado+8.28%
SoDEX+7.46%
Aster+7.31%
RiseX+7.25%
Variational+5.88%
Hyperliquid+5.84%
TxFlow+3.46%
Phoenix+3.40%
Hibachi+1.86%
Kraken+1.60%
dYdX+0.00%
Perpl+0.00%
n1xyz-0.88%
HotStuff-8.76%
Ondo-43.27%

Frequently asked

What is the current BTC funding rate on Variational?

BTC on Variational is funding at 5.88% APR (0.0054% every 8h), paid longs pay shorts, as of 2026-09-12 04:04 UTC.

How often does Variational pay funding on BTC?

Every 8 hours.

How do I earn BTC funding without price risk?

Open a delta-neutral position: long HotStuff and short TxFlow, currently 6.4% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy