FET funding rate on Phoenix
Over the last 7.2 days, FET funding on Phoenix averaged -17.0% APR and stayed positive 0% of the time, ranging from -46.3% to +0.0%. Right now it pays shorts pay longs at -17.4% APR, settled every 1h across 7 venues we track. The most reliable delta-neutral pairing for FET right now is long Phoenix / short Hyperliquid at +12.9% net APR (medium risk, ~3.8d to break even).
FET funding history on Phoenixlast 7d
- Backtested (30d)
- +11.6%
- Stability
- 100%
- Risk
- medium
- Breakeven
- ~3.8d
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 | +14.72% |
| Hyperliquid | +10.95% |
| Variational | +10.95% |
| Aster | +10.95% |
| dYdX | +0.00% |
| Phoenix | -17.44% |
| EdgeX | -8650.50% |
Frequently asked
What is the current FET funding rate on Phoenix?
FET on Phoenix is funding at -17.44% APR (-0.0020% every 1h), paid shorts pay longs, as of 2026-07-24 19:43 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 Hyperliquid, currently 12.9% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.