PONS funding rate on Variational

Funding APR
+216.61%
0.0989% / 4h
Interval
4h
next 20:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
9
listing this pair

Over the last 4 days, PONS funding on Variational averaged +33.1% APR and stayed positive 94.8% of the time, ranging from -156.8% to +292.6%. Right now it pays longs pay shorts at +216.6% APR, settled every 4h across 9 venues we track. The most reliable delta-neutral pairing for PONS right now is long SoDEX / short Pacifica at +180.4% net APR (medium risk, ~0.4d to break even).

as of 2026-09-04 19:41 UTC

PONS funding history on Variationallast 4d

30d average
+33.08%
Range
-157% / 293%
% positive
94.8%
Volatility
68.2
Best delta-neutral pairing
Long Lighter RH / Short Variational
+187.6% net APR
Backtested (30d)
+22.9%
Stability
94.4%
Risk
high
Breakeven
~0.5d

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

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How PONS funding compares across venues

ExchangeFunding APR
Aster+258.84%
Variational+216.61%
Pacifica+200.87%
TxFlow+182.27%
Hyperliquid+178.53%
Lighter+142.79%
Extended+52.56%
SoDEX+10.95%
Lighter RH+10.51%

Frequently asked

What is the current PONS funding rate on Variational?

PONS on Variational is funding at 216.61% APR (0.0989% every 4h), paid longs pay shorts, as of 2026-09-04 19:41 UTC.

How often does Variational pay funding on PONS?

Every 4 hours.

How do I earn PONS funding without price risk?

Open a delta-neutral position: long Lighter RH and short Variational, currently 187.6% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy