ETH funding rate on Phoenix
Over the last 30 days, ETH funding on Phoenix averaged +3.5% APR and stayed positive 71.7% of the time, ranging from -22.6% to +16.5%. Right now it pays longs pay shorts at +10.5% APR, settled every 1h across 26 venues we track. The most reliable delta-neutral pairing for ETH right now is long Hibachi / short Katana at +9.0% net APR (low risk, ~1.4d to break even).
ETH funding history on Phoenixlast 30d
- Backtested (30d)
- +8.8%
- Stability
- 100%
- Risk
- low
- Breakeven
- ~1.4d
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 |
|---|---|
| Extended | +11.39% |
| Hyperliquid | +10.95% |
| Ondo | +10.95% |
| Polymarket | +10.95% |
| Pacifica | +10.95% |
| Arcus | +10.95% |
| PopDEX | +10.95% |
| Bulk | +10.95% |
| Nado | +10.95% |
| Katana | +10.90% |
| Phoenix | +10.53% |
| n1xyz | +10.51% |
| Variational | +9.89% |
| Decibel | +9.64% |
| Lighter | +9.64% |
| Paradex | +8.62% |
| RiseX | +8.22% |
| Kraken | +7.57% |
| Aster | +7.16% |
| Grvt | +7.12% |
| SoDEX | +5.57% |
| Lighter RH | +4.38% |
| TxFlow | +1.85% |
| dYdX | +0.00% |
| Perpl | +0.00% |
| Hibachi | -0.22% |
Frequently asked
What is the current ETH funding rate on Phoenix?
ETH on Phoenix is funding at 10.53% APR (0.0012% every 1h), paid longs pay shorts, as of 2026-10-19 15:37 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 Hibachi and short Katana, currently 9.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.