IREN funding rate on Variational
Over the last 30 days, IREN funding on Variational averaged +9.0% APR and stayed positive 37.8% of the time, ranging from -252.8% to +414.6%. Right now it pays longs pay shorts at +34.6% APR, settled every 8h across 8 venues we track. The most reliable delta-neutral pairing for IREN right now is long QFEX / short Phoenix at +58.2% net APR (medium risk, ~1.5d to break even).
IREN funding history on Variationallast 30d
- Backtested (30d)
- +18.3%
- Stability
- 85.3%
- Risk
- low
- Breakeven
- ~0.9d
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 | +81.84% |
| Variational | +34.59% |
| Grvt | +33.40% |
| Lighter RH | +30.66% |
| QFEX | +8.76% |
| TradeXYZ | +5.48% |
| Aster | +0.00% |
| TxFlow | -13.57% |
Frequently asked
What is the current IREN funding rate on Variational?
IREN on Variational is funding at 34.59% APR (0.0316% every 8h), paid longs pay shorts, as of 2026-10-19 22:09 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 39.5% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.