PENGU funding rate on Variational

Funding APR
-26.46%
-0.0121% / 4h
Interval
4h
next 04:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
12
listing this pair

Over the last 30 days, PENGU funding on Variational averaged +2.1% APR and stayed positive 67.4% of the time, ranging from -43.6% to +10.9%. Right now it pays shorts pay longs at -26.5% APR, settled every 4h across 12 venues we track. The most reliable delta-neutral pairing for PENGU right now is long Grvt / short Lighter at +49.6% net APR (medium risk, ~0.8d to break even).

as of 2026-06-14 00:09 UTC

PENGU funding history on Variationallast 30d

30d average
+2.10%
Range
-44% / 11%
% positive
67.4%
Volatility
12.3
Best delta-neutral pairing
Long Grvt / Short Variational
+11.1% net APR
Backtested (30d)
+10.3%
Stability
90.5%
Risk
medium
Breakeven
~1.2d

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%
dYdX+0.00%
Hyperliquid-1.39%
EdgeX-10.95%
Pacifica-16.09%
Nado-25.84%
Variational-26.46%
Grvt-43.58%
Kraken-87.19%
Paradex-95.68%

Frequently asked

What is the current PENGU funding rate on Variational?

PENGU on Variational is funding at -26.46% APR (-0.0121% every 4h), paid shorts pay longs, as of 2026-06-14 00:09 UTC.

How often does Variational pay funding on PENGU?

Every 4 hours.

How do I earn PENGU funding without price risk?

Open a delta-neutral position: long Grvt and short Variational, currently 11.1% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy