SPY funding rate on Variational
Over the last 7.2 days, SPY funding on Variational averaged +3.3% APR and stayed positive 31% of the time, ranging from +0.0% to +25.8%. Right now it pays longs pay shorts at +8.8% APR, settled every 8h across 12 venues we track. The most reliable delta-neutral pairing for SPY right now is long Variational / short Decibel at +26.6% net APR (low risk, ~0.6d to break even).
SPY funding history on Variationallast 7d
- Backtested (30d)
- +5.5%
- Stability
- 93%
- Risk
- low
- Breakeven
- ~0.6d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How SPY funding compares across venues
Frequently asked
What is the current SPY funding rate on Variational?
SPY on Variational is funding at 8.80% APR (0.0080% every 8h), paid longs pay shorts, as of 2026-10-01 02:37 UTC.
How often does Variational pay funding on SPY?
Every 8 hours.
How do I earn SPY funding without price risk?
Open a delta-neutral position: long Variational and short Decibel, currently 26.6% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.