BTC funding rate on Variational

Funding APR
+6.49%
0.0059% / 8h
Interval
8h
next 16:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
24
listing this pair

Over the last 30 days, BTC funding on Variational averaged +6.7% APR and stayed positive 97.2% of the time, ranging from -2.7% to +10.9%. Right now it pays longs pay shorts at +6.5% APR, settled every 8h across 24 venues we track. The most reliable delta-neutral pairing for BTC right now is long HotStuff / short Katana at +12.3% net APR (low risk, ~1.8d to break even).

as of 2026-07-29 10:40 UTC

BTC funding history on Variationallast 30d

30d average
+6.74%
Range
-3% / 11%
% positive
97.2%
Volatility
3.3
Best delta-neutral pairing
Long HotStuff / Short Katana
+12.3% net APR
Backtested (30d)
+42.3%
Stability
81.1%
Risk
low
Breakeven
~1.8d

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
Ethereal+58.91%
dYdX+27.01%
Extended+11.39%
Ondo+10.95%
Pacifica+10.95%
Arcus+10.95%
Katana+10.93%
Decibel+10.51%
01xyz+9.64%
Phoenix+8.53%
Variational+6.49%
Paradex+6.33%
Kraken+4.08%
Aster+3.14%
Hyperliquid+1.99%
SoDEX+1.69%
Perpl+0.00%
Grvt-0.77%
Hyena-3.98%
Hibachi-4.27%
Nado-5.10%
HotStuff-6.13%
Lighter-7.01%
RiseX-10.28%

Frequently asked

What is the current BTC funding rate on Variational?

BTC on Variational is funding at 6.49% APR (0.0059% every 8h), paid longs pay shorts, as of 2026-07-29 10:40 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 Katana, currently 12.3% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy