In a mixing bowl, combine the pancake mix, sugar and vanilla extract.
Slow stir the water into the mixture until you get the dissed consistency that is easy to pour.
Heat up vegetable oil in a saucepan. You will want to line the bottom of the pan with approximately 2″ of oil. Heat on medium heat until the oil is hot (2-4 minutes).
Slowly drizzle approximately ½ cup of the batter into the oil. You will want to swirl and criss-cross the batter across each other to form the funnel cake look. You can also use a piping bag for this process.
Fry each side of the funnel cake until they are golden brown (60-90 seconds per side).
Remove from the oil and place on a paper towel lined plate.
Dust with powdered sugar immediately and serve warm.
Repeat this process with the remaining batter until all the funnel cakes are created. The batter makes approximately 4-6 cakes depending on the size of your funnel cakes.
Enjoy!
Notes
Refrigerate any leftovers in an airtight container for up to 5 days.