FET funding rate on Phoenix
Over the last 30 days, FET funding on Phoenix averaged -2.7% APR and stayed positive 25.9% of the time, ranging from -44.6% to +70.6%. Right now it pays longs pay shorts at +9.8% APR, settled every 1h across 7 venues we track. The most reliable delta-neutral pairing for FET right now is long TxFlow / short Hyperliquid at +0.3% net APR (low risk, ~2.5d to break even).
FET funding history on Phoenixlast 30d
- Backtested (30d)
- +35.3%
- Stability
- 69.3%
- Risk
- high
- Breakeven
- ~0.7d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How FET funding compares across venues
| Exchange | Funding APR |
|---|---|
| Kraken | +192.43% |
| Extended | +11.39% |
| Hyperliquid | +10.95% |
| Variational | +10.95% |
| Aster | +10.95% |
| Phoenix | +9.78% |
| TxFlow | -0.13% |
Frequently asked
What is the current FET funding rate on Phoenix?
FET on Phoenix is funding at 9.78% APR (0.0011% every 1h), paid longs pay shorts, as of 2026-09-07 16:35 UTC.
How often does Phoenix pay funding on FET?
Every 1 hour.
How do I earn FET funding without price risk?
Open a delta-neutral position: long Phoenix and short Kraken, currently 171.0% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.