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Variational funding rate history

Variational lists 543 perpetual markets with funding rate data. The current mean funding rate across Variational perps is 0.66 bps (7.24% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Variational funding rates

  • CLANKER: 25.58 bps (280.15% APY)
  • XPIN: 22.16 bps (242.66% APY)
  • SCRT: 21.67 bps (237.33% APY)

Lowest Variational funding rates

  • AGI: -152.36 bps (-1668.32% APY)
  • ONT: -91.45 bps (-1001.37% APY)
  • COTI: -80.00 bps (-876.00% APY)

Largest absolute Variational funding rates

Markets with the most extreme Variational funding (positive or negative): AGI (-152.36 bps), ONT (-91.45 bps), COTI (-80.00 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 2026-08-21T22:57:53Z (UTC).

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FAQs

Variational funding rate questions

Variational currently reports funding for 543 perpetual futures markets with a mean 8-hour-normalized rate of +0.66 bps.

  • What is the average funding rate on Variational?

    The mean funding rate across 543 Variational perpetual markets is +0.66 bps, equivalent to +7.2% annualized after normalizing each market to an 8-hour basis.

  • Which Variational perpetual has the highest funding rate?

    CLANKER has the highest current Variational funding rate at +25.58 bps, or +280.2% annualized.

  • Which Variational perpetual has the lowest funding rate?

    AGI has the lowest current Variational funding rate at -152.36 bps, or -1668.3% annualized.

  • Which Variational market has the most extreme funding?

    AGI has the largest absolute funding rate on Variational at -152.36 bps. Absolute magnitude identifies the market furthest from a flat rate, regardless of sign.

  • What does a positive Variational funding rate mean?

    A positive normalized rate means longs pay shorts on that Variational perpetual. A negative rate means shorts pay longs. The payment direction is market-specific and can differ across symbols on the same venue.

Related: Variational open interest, Variational volume, Variational market data.