MON funding rate on Variational

Funding APR
+10.95%
0.0100% / 8h
Interval
8h
next 16:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
16
listing this pair

Over the last 30 days, MON funding on Variational averaged +6.5% APR and stayed positive 83.8% of the time, ranging from -39.3% to +10.9%. Right now it pays longs pay shorts at +10.9% APR, settled every 8h across 16 venues we track. The most reliable delta-neutral pairing for MON right now is long Kraken / short Phoenix at +72.5% net APR (medium risk, ~4.1d to break even).

as of 2026-07-29 10:04 UTC

MON funding history on Variationallast 30d

30d average
+6.54%
Range
-39% / 11%
% positive
83.8%
Volatility
9.1
Best delta-neutral pairing
Long Kraken / Short Phoenix
+72.5% net APR
Backtested (30d)
-105.1%
Stability
32.4%
Risk
medium
Breakeven
~4.1d

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
Phoenix+41.76%
Perpl+12.22%
Extended+11.39%
Hyperliquid+10.95%
dYdX+10.95%
Pacifica+10.95%
Variational+10.95%
Grvt+10.95%
SoDEX+10.95%
EdgeX+10.95%
Paradex+10.95%
Nado+10.95%
Lighter+10.51%
Ethereal+10.00%
Aster+4.92%
Kraken-56.77%

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 2026-07-29 10:04 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 Kraken and short Phoenix, currently 72.5% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy