HYPE funding rate on Variational
Over the last 30 days, HYPE funding on Variational averaged +8.6% APR and stayed positive 87.7% of the time, ranging from -32.2% to +67.8%. Right now it pays longs pay shorts at +8.5% APR, settled every 8h across 26 venues we track. The most reliable delta-neutral pairing for HYPE right now is long n1xyz / short Phoenix at +27.7% net APR (low risk, ~1d to break even).
HYPE funding history on Variationallast 30d
- Backtested (30d)
- +7.7%
- Stability
- 81.6%
- Risk
- low
- Breakeven
- ~1d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How HYPE funding compares across venues
| Exchange | Funding APR |
|---|---|
| Phoenix | +21.79% |
| RiseX | +16.91% |
| Extended | +11.39% |
| Pacifica | +10.95% |
| Arcus | +10.95% |
| Bulk | +10.95% |
| Katana | +10.93% |
| Decibel | +10.51% |
| Nado | +8.54% |
| Variational | +8.48% |
| Grvt | +8.10% |
| Paradex | +5.10% |
| Polymarket | +4.36% |
| dYdX | +0.00% |
| Perpl | +0.00% |
| Hyperliquid | -0.10% |
| SoDEX | -1.56% |
| TxFlow | -3.69% |
| Ondo | -4.20% |
| Kraken | -8.62% |
| HotStuff | -8.76% |
| Aster | -9.24% |
| n1xyz | -10.51% |
| Lighter | -11.39% |
| Lighter RH | -11.39% |
| Hibachi | -14.78% |
Frequently asked
What is the current HYPE funding rate on Variational?
HYPE on Variational is funding at 8.48% APR (0.0077% every 8h), paid longs pay shorts, as of 2026-09-12 17:42 UTC.
How often does Variational pay funding on HYPE?
Every 8 hours.
How do I earn HYPE funding without price risk?
Open a delta-neutral position: long n1xyz and short Phoenix, currently 27.7% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.