MON funding rate on Variational

Funding APR
+10.95%
0.0100% / 8h
Interval
8h
next 08:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
18
listing this pair

Over the last 30 days, MON funding on Variational averaged +4.3% APR and stayed positive 80.1% of the time, ranging from -70.4% to +10.9%. Right now it pays longs pay shorts at +10.9% APR, settled every 8h across 18 venues we track. The most reliable delta-neutral pairing for MON right now is long Phoenix / short Hyperliquid at +1.9% net APR (medium risk, ~1.2d to break even).

as of 2026-09-12 01:39 UTC

MON funding history on Variationallast 30d

30d average
+4.35%
Range
-70% / 11%
% positive
80.1%
Volatility
14.4
Best delta-neutral pairing
Long Phoenix / Short Hyperliquid
+1.9% net APR
Backtested (30d)
+21.1%
Stability
91.6%
Risk
medium
Breakeven
~1.2d

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

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How MON funding compares across venues

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
dYdX+10.95%
Pacifica+10.95%
Variational+10.95%
Aster+10.95%
Bulk+10.95%
Grvt+10.95%
TxFlow+10.95%
Paradex+10.95%
SoDEX+10.95%
Nado+10.95%
Lighter+10.51%
n1xyz+7.01%
Perpl+0.00%
Phoenix+0.00%
Decibel-8.76%
Kraken-46.90%

Frequently asked

What is the current MON funding rate on Variational?

MON on Variational is funding at 10.95% APR (0.0100% every 8h), paid longs pay shorts, as of 2026-09-12 01:39 UTC.

How often does Variational pay funding on MON?

Every 8 hours.

How do I earn MON funding without price risk?

Open a delta-neutral position: long Phoenix and short Hyperliquid, currently 1.9% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy