Variational lists 477 perpetual markets with funding rate data. The current mean funding rate across Variational perps is -0.96 bps (-10.50% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Variational funding rates

• H: 450.63 bps (4934.45% APY)
• ESPORTS: 29.88 bps (327.22% APY)
• BSB: 20.67 bps (226.36% APY)

Lowest Variational funding rates

• STG: -437.22 bps (-4787.57% APY)
• FIDA: -200.93 bps (-2200.16% APY)
• HOME: -161.00 bps (-1762.93% APY)

Largest absolute Variational funding rates

Markets with the most extreme Variational funding (positive or negative): H (450.63 bps), STG (-437.22 bps), FIDA (-200.93 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 2026-06-15 22:20:43 (UTC).