PENDLE funding rate on Variational

Funding APR
-4.78%
-0.0044% / 8h
Interval
8h
next 08:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
11
listing this pair

Over the last 30 days, PENDLE funding on Variational averaged +9.8% APR and stayed positive 96.2% of the time, ranging from -20.2% to +10.9%. Right now it pays shorts pay longs at -4.8% APR, settled every 8h across 11 venues we track. The most reliable delta-neutral pairing for PENDLE right now is long TxFlow / short Kraken at +72.4% net APR (low risk, ~1.1d to break even).

as of 2026-09-11 00:34 UTC

PENDLE funding history on Variationallast 30d

30d average
+9.84%
Range
-20% / 11%
% positive
96.2%
Volatility
3.8
Best delta-neutral pairing
Long Variational / Short Kraken
+78.8% net APR
Backtested (30d)
+19.9%
Stability
53.6%
Risk
high
Breakeven
~1.1d

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
Kraken+89.35%
Extended+11.39%
Hyperliquid+10.95%
Polymarket+10.95%
Aster+10.95%
Grvt+10.95%
Lighter+10.51%
Paradex+10.48%
dYdX+2.77%
TxFlow+1.74%
Variational-4.78%

Frequently asked

What is the current PENDLE funding rate on Variational?

PENDLE on Variational is funding at -4.78% APR (-0.0044% every 8h), paid shorts pay longs, as of 2026-09-11 00:34 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 Variational and short Kraken, currently 78.8% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy