CRCL funding rate on Phoenix

Funding APR
-42.17%
-0.0048% / 1h
Interval
1h
next 22:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
18
listing this pair

Over the last 30 days, CRCL funding on Phoenix averaged +16.9% APR and stayed positive 85.3% of the time, ranging from -192.8% to +185.1%. Right now it pays shorts pay longs at -42.2% APR, settled every 1h across 18 venues we track. The most reliable delta-neutral pairing for CRCL right now is long Lighter / short TxFlow at +5.0% net APR (high risk, ~1.7d to break even).

as of 2026-09-05 21:09 UTC

CRCL funding history on Phoenixlast 30d

30d average
+16.88%
Range
-193% / 185%
% positive
85.3%
Volatility
29.3
Best delta-neutral pairing
Long Lighter / Short TxFlow
+5.0% net APR
Backtested (30d)
+6.5%
Stability
89.3%
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 CRCL funding compares across venues

ExchangeFunding APR
Pacifica+10.95%
TxFlow+10.95%
Polymarket+5.47%
SoDEX+5.47%
Decibel+5.26%
Arcus+4.22%
Lighter RH+3.50%
Lighter+3.50%
Paradex+2.23%
QFEX+0.00%
Variational+0.00%
Aster+0.00%
Grvt+0.00%
Extended+0.00%
TradeXYZ-8.36%
Nado-13.28%
Ondo-20.32%
Phoenix-42.17%

Frequently asked

What is the current CRCL funding rate on Phoenix?

CRCL on Phoenix is funding at -42.17% APR (-0.0048% every 1h), paid shorts pay longs, as of 2026-09-05 21:09 UTC.

How often does Phoenix pay funding on CRCL?

Every 1 hour.

How do I earn CRCL funding without price risk?

Open a delta-neutral position: long Lighter and short TxFlow, currently 5.0% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy