CRCL funding rate on Phoenix

Funding APR
+53.94%
0.0062% / 1h
Interval
1h
next 03:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
20
listing this pair

Over the last 30 days, CRCL funding on Phoenix averaged +29.3% APR and stayed positive 91.4% of the time, ranging from -105.1% to +154.1%. Right now it pays longs pay shorts at +53.9% APR, settled every 1h across 20 venues we track. The most reliable delta-neutral pairing for CRCL right now is long QFEX / short Phoenix at +40.0% net APR (low risk, ~1.8d to break even).

as of 2026-10-21 02:22 UTC

CRCL funding history on Phoenixlast 30d

30d average
+29.28%
Range
-105% / 154%
% positive
91.4%
Volatility
28.2
Best delta-neutral pairing
Long QFEX / Short Phoenix
+40.0% net APR
Backtested (30d)
+11.6%
Stability
92.7%
Risk
low
Breakeven
~1.8d

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
Phoenix+53.94%
Pacifica+10.95%
TxFlow+10.95%
Ondo+5.52%
PopDEX+5.52%
TradeXYZ+5.48%
Polymarket+5.47%
SoDEX+5.47%
Paradex+4.89%
Arcus+4.43%
Lighter+3.50%
Lighter RH+3.50%
RiseX+0.00%
QFEX+0.00%
Variational+0.00%
Aster+0.00%
Grvt+0.00%
Extended+0.00%
Nado-4.08%
Decibel-4.38%

Frequently asked

What is the current CRCL funding rate on Phoenix?

CRCL on Phoenix is funding at 53.94% APR (0.0062% every 1h), paid longs pay shorts, as of 2026-10-21 02:22 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 QFEX and short Phoenix, currently 40.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy