POPCAT funding rate on Variational

Funding APR
-134.16%
-0.0613% / 4h
Interval
4h
next 12:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
7
listing this pair

Over the last 30 days, POPCAT funding on Variational averaged -51.4% APR and stayed positive 32.4% of the time, ranging from -225.0% to +10.9%. Right now it pays shorts pay longs at -134.2% APR, settled every 4h across 7 venues we track. The most reliable delta-neutral pairing for POPCAT right now is long Variational / short Grvt at +100.5% net APR (low risk, ~0.5d to break even).

as of 2026-07-29 10:44 UTC

POPCAT funding history on Variationallast 30d

30d average
-51.38%
Range
-225% / 11%
% positive
32.4%
Volatility
57.8
Best delta-neutral pairing
Long Variational / Short Grvt
+100.5% net APR
Backtested (30d)
+54.2%
Stability
76.5%
Risk
low
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 POPCAT funding compares across venues

ExchangeFunding APR
dYdX+0.00%
Grvt-26.94%
Lighter-74.46%
Hyperliquid-83.49%
Kraken-87.45%
Extended-97.24%
Variational-134.16%

Frequently asked

What is the current POPCAT funding rate on Variational?

POPCAT on Variational is funding at -134.16% APR (-0.0613% every 4h), paid shorts pay longs, as of 2026-07-29 10:44 UTC.

How often does Variational pay funding on POPCAT?

Every 4 hours.

How do I earn POPCAT funding without price risk?

Open a delta-neutral position: long Variational and short Grvt, currently 100.5% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy