ENA funding rate on Variational

Funding APR
-18.73%
-0.0086% / 4h
Interval
4h
next 12:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
16
listing this pair

Over the last 30 days, ENA funding on Variational averaged -0.3% APR and stayed positive 65.6% of the time, ranging from -98.0% to +10.9%. Right now it pays shorts pay longs at -18.7% APR, settled every 4h across 16 venues we track. The most reliable delta-neutral pairing for ENA right now is long Variational / short Hyena at +143.1% net APR (low risk, ~0.6d to break even).

as of 2026-07-29 10:42 UTC

ENA funding history on Variationallast 30d

30d average
-0.34%
Range
-98% / 11%
% positive
65.6%
Volatility
17.1
Best delta-neutral pairing
Long Variational / Short Hyena
+143.1% net APR
Backtested (30d)
+3.6%
Stability
93.3%
Risk
low
Breakeven
~0.6d

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

ExchangeFunding APR
Hyena+135.40%
Ethereal+16.67%
Hyperliquid+10.95%
Grvt+10.95%
SoDEX+10.95%
Paradex+10.79%
dYdX+0.00%
Phoenix+0.00%
Aster-5.05%
01xyz-6.13%
Nado-9.66%
Variational-18.73%
Kraken-21.07%
Pacifica-22.89%
Lighter-24.53%
Extended-33.29%

Frequently asked

What is the current ENA funding rate on Variational?

ENA on Variational is funding at -18.73% APR (-0.0086% every 4h), paid shorts pay longs, as of 2026-07-29 10:42 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 Variational and short Hyena, currently 143.1% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy