ENSO funding rate on Variational

Funding APR
-30.34%
-0.0139% / 4h
Interval
4h
next 08:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
2
listing this pair

Over the last 30 days, ENSO funding on Variational averaged -0.8% APR and stayed positive 76.4% of the time, ranging from -292.1% to +10.9%. Right now it pays shorts pay longs at -30.3% APR, settled every 4h across 2 venues we track. The most reliable delta-neutral pairing for ENSO right now is long Aster / short Variational at +1.9% net APR (medium risk, ~4.2d to break even).

as of 2026-06-13 05:53 UTC

ENSO funding history on Variationallast 30d

30d average
-0.79%
Range
-292% / 11%
% positive
76.4%
Volatility
32.1
Best delta-neutral pairing
Long Aster / Short Variational
+1.9% net APR
Backtested (30d)
-27.8%
Stability
4.2%
Risk
medium
Breakeven
~4.2d

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

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How ENSO funding compares across venues

ExchangeFunding APR
Variational-30.34%
Aster-43.76%

Frequently asked

What is the current ENSO funding rate on Variational?

ENSO on Variational is funding at -30.34% APR (-0.0139% every 4h), paid shorts pay longs, as of 2026-06-13 05:53 UTC.

How often does Variational pay funding on ENSO?

Every 4 hours.

How do I earn ENSO funding without price risk?

Open a delta-neutral position: long Aster and short Variational, currently 1.9% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy