SPX6900 funding rate on Variational

Funding APR
-1.61%
-0.0007% / 4h
Interval
4h
next 16:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
8
listing this pair

Over the last 30 days, SPX6900 funding on Variational averaged -3.7% APR and stayed positive 59.4% of the time, ranging from -106.4% to +10.9%. Right now it pays shorts pay longs at -1.6% APR, settled every 4h across 8 venues we track. The most reliable delta-neutral pairing for SPX6900 right now is long Lighter / short Kraken at +51.4% net APR (high risk, ~1.4d to break even).

as of 2026-07-29 15:01 UTC

SPX6900 funding history on Variationallast 30d

30d average
-3.70%
Range
-106% / 11%
% positive
59.4%
Volatility
20.2
Best delta-neutral pairing
Long Lighter / Short Kraken
+51.4% net APR
Backtested (30d)
-21.2%
Stability
40.2%
Risk
high
Breakeven
~1.4d

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

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How SPX6900 funding compares across venues

ExchangeFunding APR
Kraken+70.54%
Extended+11.39%
Hyperliquid+10.95%
Aster+10.95%
Lighter+10.51%
dYdX+0.00%
Variational-1.61%
EdgeX-10.95%

Frequently asked

What is the current SPX6900 funding rate on Variational?

SPX6900 on Variational is funding at -1.61% APR (-0.0007% every 4h), paid shorts pay longs, as of 2026-07-29 15:01 UTC.

How often does Variational pay funding on SPX6900?

Every 4 hours.

How do I earn SPX6900 funding without price risk?

Open a delta-neutral position: long Lighter and short Kraken, currently 51.4% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy