RENDER funding rate on Variational

Funding APR
-5.05%
-0.0023% / 4h
Interval
4h
next 16:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
8
listing this pair

Over the last 30 days, RENDER funding on Variational averaged -1.0% APR and stayed positive 66.3% of the time, ranging from -77.8% to +10.9%. Right now it pays shorts pay longs at -5.0% APR, settled every 4h across 8 venues we track. The most reliable delta-neutral pairing for RENDER right now is long Phoenix / short Hyperliquid at +26.3% net APR (medium risk, ~1.9d to break even).

as of 2026-09-12 13:37 UTC

RENDER funding history on Variationallast 30d

30d average
-0.97%
Range
-78% / 11%
% positive
66.3%
Volatility
18.1
Best delta-neutral pairing
Long Phoenix / Short Hyperliquid
+26.3% net APR
Backtested (30d)
+17.6%
Stability
96.1%
Risk
medium
Breakeven
~1.9d

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

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How RENDER funding compares across venues

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
Aster+10.95%
dYdX+0.00%
Variational-5.05%
Kraken-12.82%
Phoenix-25.08%
TxFlow-107.26%

Frequently asked

What is the current RENDER funding rate on Variational?

RENDER on Variational is funding at -5.05% APR (-0.0023% every 4h), paid shorts pay longs, as of 2026-09-12 13:37 UTC.

How often does Variational pay funding on RENDER?

Every 4 hours.

How do I earn RENDER funding without price risk?

Open a delta-neutral position: long Phoenix and short Hyperliquid, currently 26.3% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy