S funding rate on Variational

Funding APR
-29.79%
-0.0136% / 4h
Interval
4h
next 08:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
7
listing this pair

Over the last 30 days, S funding on Variational averaged -47.0% APR and stayed positive 23.5% of the time, ranging from -280.8% to +10.9%. Right now it pays shorts pay longs at -29.8% APR, settled every 4h across 7 venues we track. The most reliable delta-neutral pairing for S right now is long Kraken / short Extended at +211.1% net APR (high risk, ~0.7d to break even).

as of 2026-09-12 04:12 UTC

S funding history on Variationallast 30d

30d average
-47.05%
Range
-281% / 11%
% positive
23.5%
Volatility
53.0
Best delta-neutral pairing
Long Kraken / Short Extended
+211.1% net APR
Backtested (30d)
-150.3%
Stability
80.3%
Risk
high
Breakeven
~0.7d

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
n1xyz+46.43%
Extended+11.39%
Hyperliquid+10.95%
Lighter+10.51%
Aster-0.30%
Variational-29.79%
Kraken-223.70%

Frequently asked

What is the current S funding rate on Variational?

S on Variational is funding at -29.79% APR (-0.0136% every 4h), paid shorts pay longs, as of 2026-09-12 04:12 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 Kraken and short Extended, currently 211.1% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy