OP funding rate on Variational
Over the last 30 days, OP funding on Variational averaged -2.9% APR and stayed positive 55% of the time, ranging from -71.2% to +10.9%. Right now it pays shorts pay longs at -9.9% 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 +74.6% net APR (high risk, ~3.2d to break even).
OP funding history on Variationallast 30d
- Backtested (30d)
- +3.0%
- Stability
- 74.4%
- Risk
- high
- Breakeven
- ~4.6d
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 |
|---|---|
| Extended | +11.39% |
| Hyperliquid | +10.95% |
| Grvt | +10.95% |
| Aster | +10.95% |
| Lighter | +10.51% |
| Paradex | +2.63% |
| dYdX | +0.00% |
| Variational | -9.94% |
| EdgeX | -10.95% |
| Kraken | -73.54% |
Frequently asked
What is the current OP funding rate on Variational?
OP on Variational is funding at -9.94% APR (-0.0091% every 8h), paid shorts pay longs, as of 2026-06-13 16:37 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 Lighter, currently 12.1% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.