Variational lists 502 perpetual markets with funding rate data. The current mean funding rate across Variational perps is -6.29 bps (-68.83% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Variational funding rates

• M: 25.22 bps (276.13% APY)
• PEAQ: 8.46 bps (92.62% APY)
• SNDK: 7.06 bps (77.35% APY)

Lowest Variational funding rates

• LAB: -2000.00 bps (-21900.00% APY)
• GWEI: -637.16 bps (-6976.86% APY)
• BLUR: -400.00 bps (-4380.00% APY)

Largest absolute Variational funding rates

Markets with the most extreme Variational funding (positive or negative): LAB (-2000.00 bps), GWEI (-637.16 bps), BLUR (-400.00 bps).

About Variational funding rates

Funding payments keep Variational perpetual contracts pinned to the underlying spot price. A positive Variational funding rate means longs pay shorts — the long side is crowded and willing to pay to hold the position. A negative Variational funding rate means shorts pay longs. All rates on this page are normalized to an 8-hour basis so Variational can be compared directly with venues that fund hourly, every 4 hours, or on any other schedule.

Last updated 2026-07-07T18:44:47Z (UTC).