S funding rate on Variational

Funding APR
+10.95%
0.0050% / 4h
Interval
4h
next 00:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
8
listing this pair

Over the last 30 days, S funding on Variational averaged +2.7% APR and stayed positive 79.7% of the time, ranging from -242.6% to +10.9%. Right now it pays longs pay shorts at +10.9% APR, settled every 4h across 8 venues we track. The most reliable delta-neutral pairing for S right now is long Hyperliquid / short 01xyz at +60.6% net APR (high risk, ~1.1d to break even).

as of 2026-06-12 23:29 UTC

S funding history on Variationallast 30d

30d average
+2.71%
Range
-243% / 11%
% positive
79.7%
Volatility
20.8
Best delta-neutral pairing
Long Variational / Short 01xyz
+60.9% net APR
Backtested (30d)
+12.2%
Stability
93.5%
Risk
high
Breakeven
~0.9d

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

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How S funding compares across venues

ExchangeFunding APR
01xyz+80.59%
Kraken+13.24%
Hyperliquid+10.95%
Variational+10.95%
Aster+10.95%
Lighter+10.51%
dYdX+0.00%
Extended-49.06%

Frequently asked

What is the current S funding rate on Variational?

S on Variational is funding at 10.95% APR (0.0050% every 4h), paid longs pay shorts, as of 2026-06-12 23:29 UTC.

How often does Variational pay funding on S?

Every 4 hours.

How do I earn S funding without price risk?

Open a delta-neutral position: long Variational and short 01xyz, currently 60.9% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy