ETH funding rate on Variational

Funding APR
+10.95%
0.0100% / 8h
Interval
8h
next 16:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
25
listing this pair

Over the last 30 days, ETH funding on Variational averaged +4.8% APR and stayed positive 91.7% of the time, ranging from -6.5% to +10.9%. Right now it pays longs pay shorts at +10.9% APR, settled every 8h across 25 venues we track. The most reliable delta-neutral pairing for ETH right now is long 01xyz / short HotStuff at +0.6% net APR (high risk, ~0.1d to break even).

as of 2026-07-29 10:02 UTC

ETH funding history on Variationallast 30d

30d average
+4.76%
Range
-6% / 11%
% positive
91.7%
Volatility
3.4
Best delta-neutral pairing
Long 01xyz / Short HotStuff
+0.6% net APR
Backtested (30d)
-50.6%
Stability
46.1%
Risk
high
Breakeven
~0.1d

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

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How ETH funding compares across venues

ExchangeFunding APR
Perpl+24.45%
HotStuff+21.02%
dYdX+19.16%
01xyz+15.77%
Extended+11.39%
RiseX+11.26%
Ondo+10.95%
Pacifica+10.95%
Variational+10.95%
Aster+10.95%
Arcus+10.95%
SoDEX+10.95%
EdgeX+10.95%
Nado+10.95%
Katana+10.93%
Hyena+10.51%
Decibel+10.51%
Paradex+6.61%
Hyperliquid+4.92%
Lighter+3.50%
Ethereal+1.37%
Hibachi+1.10%
Kraken-1.26%
Grvt-1.53%
Phoenix-5.01%

Frequently asked

What is the current ETH funding rate on Variational?

ETH on Variational is funding at 10.95% APR (0.0100% every 8h), paid longs pay shorts, as of 2026-07-29 10:02 UTC.

How often does Variational pay funding on ETH?

Every 8 hours.

How do I earn ETH funding without price risk?

Open a delta-neutral position: long 01xyz and short HotStuff, currently 0.6% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy