PHA funding rates
PHA perpetual funding is currently quoted across 2 venues, ranging from -61.0% to +10.9% APR. The most reliable delta-neutral pairing for PHA right now is long Aster / short Variational at +51.0% net APR (medium risk, ~2.1d to break even).
as of 2026-09-11 08:49 UTC
Best delta-neutral pairing
Long Aster / Short Variational
+51.0% net APR
- Backtested (30d)
- -7.9%
- Stability
- 71.5%
- Risk
- medium
- Breakeven
- ~2.1d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradePHA funding by exchange
| Exchange | Funding APR |
|---|---|
| Variational | +10.95% |
| Aster | -61.04% |
Frequently asked
What is the PHA funding rate right now?
PHA perpetual funding ranges from -61.04% to 10.95% APR across 2 exchanges we track; the widest delta-neutral spread is long Aster / short Variational at 51.0% net APR.
Which exchange has the highest PHA funding rate?
Variational currently has the highest at 10.95% APR. See the full ranking above.