PENGU funding rate on Kraken

Funding APR
-55.00%
-0.0063% / 1h
Interval
1h
next 03:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
12
listing this pair

Over the last 30 days, PENGU funding on Kraken averaged -1.2% APR and stayed positive 50.7% of the time, ranging from -91.2% to +99.8%. Right now it pays shorts pay longs at -55.0% APR, settled every 1h across 12 venues we track. The most reliable delta-neutral pairing for PENGU right now is long Grvt / short Lighter at +29.3% net APR (medium risk, ~0.8d to break even).

as of 2026-06-14 02:23 UTC

PENGU funding history on Krakenlast 30d

30d average
-1.23%
Range
-91% / 100%
% positive
50.7%
Volatility
23.1
Best delta-neutral pairing
Long Grvt / Short Lighter
+29.3% net APR
Backtested (30d)
+16.4%
Stability
94.8%
Risk
medium
Breakeven
~0.8d

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

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How PENGU funding compares across venues

ExchangeFunding APR
Extended+11.39%
Aster+10.95%
Lighter+10.51%
Hyperliquid+10.23%
Pacifica+1.76%
dYdX+0.00%
EdgeX-10.95%
Variational-19.06%
Grvt-23.65%
Nado-24.06%
Kraken-55.00%
Paradex-93.44%

Frequently asked

What is the current PENGU funding rate on Kraken?

PENGU on Kraken is funding at -55.00% APR (-0.0063% every 1h), paid shorts pay longs, as of 2026-06-14 02:23 UTC.

How often does Kraken pay funding on PENGU?

Every 1 hour.

How do I earn PENGU funding without price risk?

Open a delta-neutral position: long Grvt and short Lighter, currently 29.3% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy