PENDLE funding rate on Variational

Funding APR
+8.91%
0.0081% / 8h
Interval
8h
next 16:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
9
listing this pair

Over the last 30 days, PENDLE funding on Variational averaged +7.4% APR and stayed positive 88.3% of the time, ranging from -46.3% to +10.9%. Right now it pays longs pay shorts at +8.9% APR, settled every 8h across 9 venues we track. The most reliable delta-neutral pairing for PENDLE right now is long Kraken / short Lighter at +133.6% net APR (high risk, ~0.4d to break even).

as of 2026-07-29 10:42 UTC

PENDLE funding history on Variationallast 30d

30d average
+7.39%
Range
-46% / 11%
% positive
88.3%
Volatility
9.0
Best delta-neutral pairing
Long Kraken / Short Variational
+129.3% net APR
Backtested (30d)
+4.8%
Stability
56.4%
Risk
medium
Breakeven
~0.5d

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

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How PENDLE funding compares across venues

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
Paradex+10.88%
Lighter+10.51%
Variational+8.91%
dYdX+0.00%
Aster-5.45%
Grvt-8.65%
Kraken-131.90%

Frequently asked

What is the current PENDLE funding rate on Variational?

PENDLE on Variational is funding at 8.91% APR (0.0081% every 8h), paid longs pay shorts, as of 2026-07-29 10:42 UTC.

How often does Variational pay funding on PENDLE?

Every 8 hours.

How do I earn PENDLE funding without price risk?

Open a delta-neutral position: long Kraken and short Variational, currently 129.3% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy