IREN funding rate on Variational
Over the last 28.8 days, IREN funding on Variational averaged +1.7% APR and stayed positive 23.5% of the time, ranging from -182.9% to +93.9%. Right now it pays flat at +0.0% APR, settled every 8h across 7 venues we track. The most reliable delta-neutral pairing for IREN right now is long Variational / short Phoenix at +14.6% net APR (low risk, ~2.1d to break even).
IREN funding history on Variationallast 29d
- Backtested (30d)
- +9.6%
- Stability
- 93.2%
- Risk
- low
- Breakeven
- ~2.1d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How IREN funding compares across venues
| Exchange | Funding APR |
|---|---|
| Phoenix | +22.04% |
| TradeXYZ | +5.48% |
| Lighter RH | +3.50% |
| QFEX | +0.00% |
| Variational | +0.00% |
| Aster | +0.00% |
| Grvt | +0.00% |
Frequently asked
What is the current IREN funding rate on Variational?
IREN on Variational is funding at 0.00% APR (0.0000% every 8h), paid flat, as of 2026-09-04 19:08 UTC.
How often does Variational pay funding on IREN?
Every 8 hours.
How do I earn IREN funding without price risk?
Open a delta-neutral position: long Variational and short Phoenix, currently 14.6% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.