RAY funding rate on Variational
Over the last 30 days, RAY funding on Variational averaged -16.1% APR and stayed positive 60.7% of the time, ranging from -711.1% to +25.3%. Right now it pays shorts pay longs at -83.8% APR, settled every 4h across 4 venues we track. The most reliable delta-neutral pairing for RAY right now is long Variational / short Kraken at +103.1% net APR (high risk, ~1.1d to break even).
RAY funding history on Variationallast 30d
- Backtested (30d)
- +63.5%
- Stability
- 55.3%
- Risk
- high
- Breakeven
- ~1.1d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How RAY funding compares across venues
| Exchange | Funding APR |
|---|---|
| Kraken | +28.11% |
| Lighter | +10.51% |
| TxFlow | -13.73% |
| Variational | -83.75% |
Frequently asked
What is the current RAY funding rate on Variational?
RAY on Variational is funding at -83.75% APR (-0.0382% every 4h), paid shorts pay longs, as of 2026-09-12 14:26 UTC.
How often does Variational pay funding on RAY?
Every 4 hours.
How do I earn RAY funding without price risk?
Open a delta-neutral position: long Variational and short Kraken, currently 103.1% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.