IP funding rate on Variational

Funding APR
+10.95%
0.0050% / 4h
Interval
4h
next 16:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
12
listing this pair

Over the last 30 days, IP funding on Variational averaged -0.6% APR and stayed positive 72.5% of the time, ranging from -362.9% to +10.9%. Right now it pays longs pay shorts at +10.9% APR, settled every 4h across 12 venues we track. The most reliable delta-neutral pairing for IP right now is long Kraken / short Lighter at +249.0% net APR (high risk, ~0.5d to break even).

as of 2026-06-12 13:13 UTC

IP funding history on Variationallast 30d

30d average
-0.56%
Range
-363% / 11%
% positive
72.5%
Volatility
26.8
Best delta-neutral pairing
Long Kraken / Short Variational
+250.3% net APR
Backtested (30d)
+100.4%
Stability
81.5%
Risk
high
Breakeven
~0.5d

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

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How IP funding compares across venues

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
dYdX+10.95%
Hyena+10.95%
Variational+10.95%
EdgeX+10.95%
Lighter+10.51%
Aster-18.87%
01xyz-32.41%
Grvt-33.29%
Paradex-107.35%
Kraken-267.22%

Frequently asked

What is the current IP funding rate on Variational?

IP on Variational is funding at 10.95% APR (0.0050% every 4h), paid longs pay shorts, as of 2026-06-12 13:13 UTC.

How often does Variational pay funding on IP?

Every 4 hours.

How do I earn IP funding without price risk?

Open a delta-neutral position: long Kraken and short Variational, currently 250.3% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy