PENGU funding rate on Variational

Funding APR
+10.95%
0.0050% / 4h
Interval
4h
next 08:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
14
listing this pair

Over the last 30 days, PENGU funding on Variational averaged -8.4% APR and stayed positive 45% of the time, ranging from -71.0% to +10.9%. Right now it pays longs pay shorts at +10.9% APR, settled every 4h across 14 venues we track. The most reliable delta-neutral pairing for PENGU right now is long TxFlow / short Arcus at +35.9% net APR (low risk, ~1.7d to break even).

as of 2026-09-12 05:00 UTC

PENGU funding history on Variationallast 30d

30d average
-8.45%
Range
-71% / 11%
% positive
45%
Volatility
20.6
Best delta-neutral pairing
Long TxFlow / Short Arcus
+35.9% net APR
Backtested (30d)
+16.3%
Stability
94.5%
Risk
low
Breakeven
~1.7d

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
Kraken+39.28%
Pacifica+10.95%
Variational+10.95%
Arcus+10.95%
Aster+10.95%
SoDEX+10.95%
Lighter+10.51%
dYdX+0.00%
Extended+0.00%
Hyperliquid-13.29%
Grvt-14.45%
Nado-17.19%
TxFlow-36.45%
n1xyz-39.42%

Frequently asked

What is the current PENGU funding rate on Variational?

PENGU on Variational is funding at 10.95% APR (0.0050% every 4h), paid longs pay shorts, as of 2026-09-12 05:00 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 TxFlow and short Arcus, currently 35.9% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy