ETH funding rate on Phoenix
Over the last 30 days, ETH funding on Phoenix averaged +10.6% APR and stayed positive 97.6% of the time, ranging from +0.0% to +40.6%. Right now it pays longs pay shorts at +12.1% APR, settled every 1h across 25 venues we track. The most reliable delta-neutral pairing for ETH right now is long HotStuff / short TxFlow at +2.5% net APR (low risk, ~5.3d to break even).
ETH funding history on Phoenixlast 30d
- Backtested (30d)
- +426.2%
- Stability
- 69.8%
- Risk
- low
- Breakeven
- ~1.9d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How ETH funding compares across venues
| Exchange | Funding APR |
|---|---|
| Phoenix | +12.14% |
| Hyperliquid | +10.95% |
| Ondo | +10.95% |
| Polymarket | +10.95% |
| Pacifica | +10.95% |
| Katana | +10.93% |
| Paradex | +10.81% |
| Lighter RH | +10.51% |
| Lighter | +10.51% |
| Decibel | +9.64% |
| dYdX | +8.40% |
| Aster | +5.77% |
| Grvt | +3.18% |
| Variational | +2.82% |
| TxFlow | +0.80% |
| Hibachi | +0.44% |
| RiseX | +0.35% |
| SoDEX | +0.15% |
| Nado | +0.15% |
| n1xyz | -1.75% |
| Arcus | -1.80% |
| Extended | -5.26% |
| Kraken | -5.80% |
| HotStuff | -8.76% |
| Perpl | -12.22% |
Frequently asked
What is the current ETH funding rate on Phoenix?
ETH on Phoenix is funding at 12.14% APR (0.0014% every 1h), paid longs pay shorts, as of 2026-09-04 22:04 UTC.
How often does Phoenix pay funding on ETH?
Every 1 hour.
How do I earn ETH funding without price risk?
Open a delta-neutral position: long HotStuff and short Phoenix, currently 14.5% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.