OP funding rate on Variational
Over the last 30 days, OP funding on Variational averaged -6.2% APR and stayed positive 41.4% of the time, ranging from -54.1% to +10.9%. Right now it pays shorts pay longs at -26.7% APR, settled every 8h across 10 venues we track. The most reliable delta-neutral pairing for OP right now is long Variational / short Grvt at +31.2% net APR (low risk, ~1.2d to break even).
OP funding history on Variationallast 30d
- Backtested (30d)
- +10.1%
- Stability
- 86%
- Risk
- low
- 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 OP funding compares across venues
| Exchange | Funding APR |
|---|---|
| Kraken | +40.85% |
| Hyperliquid | +10.95% |
| Aster | +10.95% |
| Grvt | +10.95% |
| SoDEX | +10.95% |
| dYdX | +0.00% |
| TxFlow | -1.84% |
| Extended | -4.38% |
| Variational | -26.66% |
| Lighter | -41.17% |
Frequently asked
What is the current OP funding rate on Variational?
OP on Variational is funding at -26.66% APR (-0.0243% every 8h), paid shorts pay longs, as of 2026-09-12 04:04 UTC.
How often does Variational pay funding on OP?
Every 8 hours.
How do I earn OP funding without price risk?
Open a delta-neutral position: long Variational and short Grvt, currently 31.2% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.