BABA funding rate on Phoenix

Funding APR
+56.37%
0.0064% / 1h
Interval
1h
next 02:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
13
listing this pair

Over the last 30 days, BABA funding on Phoenix averaged +21.0% APR and stayed positive 78.5% of the time, ranging from -79.6% to +89.4%. Right now it pays longs pay shorts at +56.4% APR, settled every 1h across 13 venues we track. The most reliable delta-neutral pairing for BABA right now is long Lighter RH / short Phoenix at +49.0% net APR (low risk, ~0.5d to break even).

as of 2026-10-20 01:27 UTC

BABA funding history on Phoenixlast 30d

30d average
+21.00%
Range
-80% / 89%
% positive
78.5%
Volatility
21.9
Best delta-neutral pairing
Long Lighter RH / Short Phoenix
+49.0% net APR
Backtested (30d)
+11.5%
Stability
82.5%
Risk
low
Breakeven
~0.5d

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

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How BABA funding compares across venues

ExchangeFunding APR
Phoenix+56.37%
Ondo+5.52%
TradeXYZ+5.48%
Polymarket+5.47%
Arcus+4.44%
Lighter RH+3.50%
Lighter+3.50%
QFEX+0.00%
Decibel+0.00%
Variational+0.00%
Aster+0.00%
Grvt+0.00%
Extended+0.00%

Frequently asked

What is the current BABA funding rate on Phoenix?

BABA on Phoenix is funding at 56.37% APR (0.0064% every 1h), paid longs pay shorts, as of 2026-10-20 01:27 UTC.

How often does Phoenix pay funding on BABA?

Every 1 hour.

How do I earn BABA funding without price risk?

Open a delta-neutral position: long Lighter RH and short Phoenix, currently 49.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy