ENA funding rate on Variational
Over the last 30 days, ENA funding on Variational averaged +8.5% APR and stayed positive 90% of the time, ranging from -29.9% to +10.9%. Right now it pays shorts pay longs at -21.6% APR, settled every 4h across 22 venues we track. The most reliable delta-neutral pairing for ENA right now is long Decibel / short PopDEX at +26.2% net APR (low risk, ~1.6d to break even).
ENA funding history on Variationallast 30d
- Backtested (30d)
- +20.4%
- Stability
- 100%
- Risk
- low
- Breakeven
- ~1.6d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How ENA funding compares across venues
| Exchange | Funding APR |
|---|---|
| Extended | +11.39% |
| Hyperliquid | +10.95% |
| Ondo | +10.95% |
| Polymarket | +10.95% |
| Arcus | +10.95% |
| SoDEX | +10.95% |
| PopDEX | +10.95% |
| Aster | +10.95% |
| Bulk | +10.95% |
| Nado | +10.95% |
| Paradex | +10.73% |
| RiseX | +10.65% |
| Lighter | +10.51% |
| TxFlow | +9.06% |
| Pacifica | +6.48% |
| dYdX | +5.38% |
| Grvt | +2.41% |
| Phoenix | +0.00% |
| n1xyz | -18.40% |
| Decibel | -21.02% |
| Variational | -21.57% |
| Kraken | -23.47% |
Frequently asked
What is the current ENA funding rate on Variational?
ENA on Variational is funding at -21.57% APR (-0.0098% every 4h), paid shorts pay longs, as of 2026-10-28 03:51 UTC.
How often does Variational pay funding on ENA?
Every 4 hours.
How do I earn ENA funding without price risk?
Open a delta-neutral position: long Decibel and short PopDEX, currently 26.2% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.