PENGU funding rate on Variational

Funding APR
-12.56%
-0.0057% / 4h
Interval
4h
next 12:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
12
listing this pair

Over the last 30 days, PENGU funding on Variational averaged -6.3% APR and stayed positive 39.7% of the time, ranging from -60.0% to +10.9%. Right now it pays shorts pay longs at -12.6% APR, settled every 4h across 12 venues we track. The most reliable delta-neutral pairing for PENGU right now is long Hyperliquid / short SoDEX at +51.2% net APR (medium risk, ~1d to break even).

as of 2026-07-29 10:38 UTC

PENGU funding history on Variationallast 30d

30d average
-6.30%
Range
-60% / 11%
% positive
39.7%
Volatility
14.9
Best delta-neutral pairing
Long Variational / Short SoDEX
+19.6% net APR
Backtested (30d)
+12.3%
Stability
88.8%
Risk
low
Breakeven
~1.4d

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
Pacifica+10.95%
SoDEX+10.95%
Aster+6.08%
dYdX+0.00%
Extended-5.26%
Variational-12.56%
Paradex-19.40%
Nado-21.34%
Lighter-21.90%
Grvt-39.86%
Kraken-43.90%
Hyperliquid-47.87%

Frequently asked

What is the current PENGU funding rate on Variational?

PENGU on Variational is funding at -12.56% APR (-0.0057% every 4h), paid shorts pay longs, as of 2026-07-29 10:38 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 Variational and short SoDEX, currently 19.6% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy