CHIP funding rate on Phoenix
Over the last 30 days, CHIP funding on Phoenix averaged -8.6% APR and stayed positive 7.4% of the time, ranging from -58.1% to +35.9%. Right now it pays shorts pay longs at -19.6% APR, settled every 1h across 9 venues we track. The most reliable delta-neutral pairing for CHIP right now is long Phoenix / short Variational at +23.6% net APR (high risk, ~1.7d to break even).
CHIP funding history on Phoenixlast 30d
- Backtested (30d)
- +11.5%
- Stability
- 95.5%
- Risk
- high
- Breakeven
- ~1.7d
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
| Exchange | Funding APR |
|---|---|
| Extended | +11.39% |
| Hyperliquid | +10.95% |
| Pacifica | +10.95% |
| Variational | +10.95% |
| Aster | +10.95% |
| Lighter | +10.51% |
| Decibel | -11.39% |
| Nado | -16.11% |
| Phoenix | -19.61% |
Frequently asked
What is the current CHIP funding rate on Phoenix?
CHIP on Phoenix is funding at -19.61% APR (-0.0022% every 1h), paid shorts pay longs, as of 2026-10-21 02:20 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 Variational, currently 23.6% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.