NIL funding rate on Variational

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

Over the last 30 days, NIL funding on Variational averaged +0.6% APR and stayed positive 98.5% of the time, ranging from -1510.4% to +10.9%. Right now it pays longs pay shorts at +10.9% APR, settled every 4h across 4 venues we track. The most reliable delta-neutral pairing for NIL right now is long Aster / short Variational at +12.5% net APR (high risk, ~4d to break even).

as of 2026-07-29 10:38 UTC

NIL funding history on Variationallast 30d

30d average
+0.63%
Range
-1510% / 11%
% positive
98.5%
Volatility
102.1
Best delta-neutral pairing
Long Aster / Short Variational
+12.5% net APR
Backtested (30d)
+14.8%
Stability
82.7%
Risk
high
Breakeven
~4d

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

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How NIL funding compares across venues

ExchangeFunding APR
Hyperliquid+10.95%
dYdX+10.95%
Variational+10.95%
Aster-13.51%

Frequently asked

What is the current NIL funding rate on Variational?

NIL on Variational is funding at 10.95% APR (0.0050% every 4h), paid longs pay shorts, as of 2026-07-29 10:38 UTC.

How often does Variational pay funding on NIL?

Every 4 hours.

How do I earn NIL funding without price risk?

Open a delta-neutral position: long Aster and short Variational, currently 12.5% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy