ETH funding rate on Phoenix
Over the last 4.2 days, ETH funding on Phoenix averaged -5.3% APR and stayed positive 0% of the time, ranging from -11.4% to -1.4%. Right now it pays shorts pay longs at -11.4% APR, settled every 1h across 25 venues we track. The most reliable delta-neutral pairing for ETH right now is long Hibachi / short Lighter at +13.3% net APR (low risk, ~0.1d to break even).
ETH funding history on Phoenixlast 4d
- Backtested (30d)
- +7.8%
- Stability
- 85.9%
- Risk
- low
- Breakeven
- ~0.1d
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 |
|---|---|
| Hyperliquid | +10.95% |
| Ondo | +10.95% |
| Katana | +10.95% |
| Hyena | +10.95% |
| Grvt | +10.95% |
| Arcus | +10.95% |
| EdgeX | +10.95% |
| Nado | +10.95% |
| Paradex | +10.61% |
| Lighter | +10.51% |
| Decibel | +9.64% |
| Pacifica | +8.72% |
| RiseX | +7.36% |
| Variational | +6.13% |
| Aster | +4.42% |
| Kraken | +3.97% |
| HotStuff | +1.75% |
| dYdX | +0.00% |
| Ethereal | -0.57% |
| SoDEX | -0.58% |
| 01xyz | -1.75% |
| Hibachi | -2.85% |
| Extended | -9.64% |
| Phoenix | -11.39% |
| Perpl | -17.52% |
Frequently asked
What is the current ETH funding rate on Phoenix?
ETH on Phoenix is funding at -11.39% APR (-0.0013% every 1h), paid shorts pay longs, as of 2026-07-21 20:33 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 Lighter, currently 13.3% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.