S funding rate on Variational
Over the last 30 days, S funding on Variational averaged -31.7% APR and stayed positive 36.8% of the time, ranging from -189.2% to +10.9%. Right now it pays shorts pay longs at -16.8% APR, settled every 4h across 8 venues we track. The most reliable delta-neutral pairing for S right now is long Extended / short Lighter at +104.3% net APR (high risk, ~0.5d to break even).
S funding history on Variationallast 30d
- Backtested (30d)
- -30.3%
- Stability
- 34.1%
- Risk
- low
- 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
| Exchange | Funding APR |
|---|---|
| 01xyz | +17.52% |
| dYdX | +0.00% |
| Variational | -16.75% |
| Lighter | -25.40% |
| Hyperliquid | -68.03% |
| Kraken | -94.28% |
| Aster | -94.42% |
| Extended | -139.28% |
Frequently asked
What is the current S funding rate on Variational?
S on Variational is funding at -16.75% APR (-0.0077% every 4h), paid shorts pay longs, as of 2026-07-29 10:02 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 Extended and short Variational, currently 112.9% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.