OIL (WTI) funding rate on Variational

Funding APR
-9.00%
-0.0041% / 4h
Interval
4h
next 12:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
18
listing this pair

Over the last 30 days, OIL (WTI) funding on Variational averaged -3.2% APR and stayed positive 26.9% of the time, ranging from -330.7% to +327.6%. Right now it pays shorts pay longs at -9.0% APR, settled every 4h across 18 venues we track. The most reliable delta-neutral pairing for OIL (WTI) right now is long HotStuff / short Phoenix at +2.8% net APR (high risk, ~1d to break even).

as of 2026-07-29 10:44 UTC

WTI funding history on Variationallast 30d

30d average
-3.17%
Range
-331% / 328%
% positive
26.9%
Volatility
35.9
Best delta-neutral pairing
Long HotStuff / Short Phoenix
+2.8% net APR
Backtested (30d)
+25.4%
Stability
82.9%
Risk
high
Breakeven
~1d

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

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How WTI funding compares across venues

ExchangeFunding APR
Pacifica+10.95%
dYdX+10.87%
Ondo+5.52%
TradeXYZ+5.48%
SoDEX+5.47%
Lighter+3.50%
Extended+3.50%
Paradex+2.18%
RiseX+0.00%
QFEX+0.00%
Phoenix+0.00%
Aster-6.04%
Decibel-7.01%
Variational-9.00%
Grvt-11.61%
HotStuff-15.77%
Nado-17.93%
Kraken-22.61%

Frequently asked

What is the current WTI funding rate on Variational?

OIL (WTI) on Variational is funding at -9.00% APR (-0.0041% every 4h), paid shorts pay longs, as of 2026-07-29 10:44 UTC.

How often does Variational pay funding on WTI?

Every 4 hours.

How do I earn WTI funding without price risk?

Open a delta-neutral position: long HotStuff and short Phoenix, currently 2.8% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy