OP funding rate on Variational
Over the last 30 days, OP funding on Variational averaged +1.1% APR and stayed positive 56.9% of the time, ranging from -30.3% to +10.9%. Right now it pays longs pay shorts at +10.9% APR, settled every 8h across 10 venues we track. The most reliable delta-neutral pairing for OP right now is long Kraken / short Lighter at +40.1% net APR (medium risk, ~0.6d to break even).
OP funding history on Variationallast 30d
- Backtested (30d)
- +6.3%
- Stability
- 72.5%
- Risk
- medium
- Breakeven
- ~0.6d
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 |
|---|---|
| Hyperliquid | +10.95% |
| Variational | +10.95% |
| SoDEX | +10.95% |
| Aster | +10.95% |
| TxFlow | +10.95% |
| Grvt | +10.95% |
| Lighter | +10.51% |
| dYdX | +0.00% |
| Extended | -5.26% |
| Kraken | -40.03% |
Frequently asked
What is the current OP funding rate on Variational?
OP on Variational is funding at 10.95% APR (0.0100% every 8h), paid longs pay shorts, as of 2026-10-27 16:26 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 Kraken and short Lighter, currently 40.1% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.