BTC funding rate on Phoenix
Over the last 30 days, BTC funding on Phoenix averaged +14.1% APR and stayed positive 89% of the time, ranging from -28.8% to +68.8%. Right now it pays shorts pay longs at -14.3% APR, settled every 1h across 26 venues we track. The most reliable delta-neutral pairing for BTC right now is long Perpl / short Phoenix at +30.5% net APR (low risk, ~0.7d to break even).
BTC funding history on Phoenixlast 30d
- Backtested (30d)
- +9.1%
- Stability
- 62.4%
- Risk
- low
- Breakeven
- ~0.7d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How BTC funding compares across venues
| Exchange | Funding APR |
|---|---|
| Hyperliquid | +10.95% |
| Pacifica | +10.95% |
| Variational | +10.95% |
| PopDEX | +10.95% |
| Nado | +10.95% |
| Katana | +10.93% |
| Decibel | +10.51% |
| Lighter | +10.51% |
| Lighter RH | +10.51% |
| Paradex | +9.42% |
| n1xyz | +8.76% |
| TxFlow | +8.71% |
| Bulk | +8.06% |
| Ondo | +7.62% |
| Hibachi | +6.68% |
| Grvt | +6.68% |
| Polymarket | +6.14% |
| SoDEX | +5.75% |
| Kraken | +5.23% |
| Aster | +5.15% |
| Arcus | +3.22% |
| Extended | +2.63% |
| dYdX | +0.00% |
| Phoenix | -14.26% |
| RiseX | -25.62% |
| Perpl | -48.89% |
Frequently asked
What is the current BTC funding rate on Phoenix?
BTC on Phoenix is funding at -14.26% APR (-0.0016% every 1h), paid shorts pay longs, as of 2026-10-21 02:20 UTC.
How often does Phoenix pay funding on BTC?
Every 1 hour.
How do I earn BTC funding without price risk?
Open a delta-neutral position: long Perpl and short Phoenix, currently 30.5% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.