AAVE funding rate on Phoenix

Funding APR
+1.78%
0.0002% / 1h
Interval
1h
next 22:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
18
listing this pair

Over the last 5.3 days, AAVE funding on Phoenix averaged -3.2% APR and stayed positive 6.9% of the time, ranging from -8.8% to +6.3%. Right now it pays longs pay shorts at +1.8% APR, settled every 1h across 18 venues we track. The most reliable delta-neutral pairing for AAVE right now is long Decibel / short Grvt at +42.7% net APR (low risk, ~0.9d to break even).

as of 2026-07-22 21:56 UTC

AAVE funding history on Phoenixlast 5d

30d average
-3.23%
Range
-9% / 6%
% positive
6.9%
Volatility
2.5
Best delta-neutral pairing
Long Decibel / Short Grvt
+42.7% net APR
Backtested (30d)
+26.7%
Stability
100%
Risk
low
Breakeven
~0.9d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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How AAVE funding compares across venues

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
Pacifica+10.95%
Grvt+10.95%
Aster+10.95%
SoDEX+10.95%
EdgeX+10.95%
Nado+10.95%
01xyz+8.76%
Paradex+3.60%
Phoenix+1.78%
dYdX+0.00%
Variational-2.85%
Lighter-3.50%
Ethereal-10.71%
Kraken-11.99%
RiseX-20.16%
Decibel-37.67%

Frequently asked

What is the current AAVE funding rate on Phoenix?

AAVE on Phoenix is funding at 1.78% APR (0.0002% every 1h), paid longs pay shorts, as of 2026-07-22 21:56 UTC.

How often does Phoenix pay funding on AAVE?

Every 1 hour.

How do I earn AAVE funding without price risk?

Open a delta-neutral position: long Decibel and short Grvt, currently 42.7% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy