CHIP funding rate on Phoenix

Funding APR
-28.32%
-0.0032% / 1h
Interval
1h
next 23:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
9
listing this pair

Over the last 5.3 days, CHIP funding on Phoenix averaged -30.9% APR and stayed positive 0% of the time, ranging from -60.4% to +0.0%. Right now it pays shorts pay longs at -28.3% APR, settled every 1h across 9 venues we track. The most reliable delta-neutral pairing for CHIP right now is long Decibel / short Extended at +2.7% net APR (low risk, ~2.6d to break even).

as of 2026-07-22 22:14 UTC

CHIP funding history on Phoenixlast 5d

30d average
-30.87%
Range
-60% / 0%
% positive
0%
Volatility
12.5
Best delta-neutral pairing
Long Phoenix / Short Extended
+26.1% net APR
Backtested (30d)
+28.8%
Stability
100%
Risk
low
Breakeven
~2.4d

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

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How CHIP funding compares across venues

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
Pacifica+10.95%
Variational+10.95%
Aster+10.95%
Lighter+10.51%
Decibel+0.88%
Nado-5.45%
Phoenix-28.32%

Frequently asked

What is the current CHIP funding rate on Phoenix?

CHIP on Phoenix is funding at -28.32% APR (-0.0032% every 1h), paid shorts pay longs, as of 2026-07-22 22:14 UTC.

How often does Phoenix pay funding on CHIP?

Every 1 hour.

How do I earn CHIP funding without price risk?

Open a delta-neutral position: long Phoenix and short Extended, currently 26.1% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy