HYPE funding rate on Phoenix
Over the last 30 days, HYPE funding on Phoenix averaged +9.7% APR and stayed positive 64% of the time, ranging from -40.1% to +70.4%. Right now it pays longs pay shorts at +11.1% APR, settled every 1h across 25 venues we track. The most reliable delta-neutral pairing for HYPE right now is long n1xyz / short Arcus at +10.9% net APR (low risk, ~1.8d to break even).
HYPE funding history on Phoenixlast 30d
- Backtested (30d)
- +6.8%
- Stability
- 78.7%
- Risk
- low
- Breakeven
- ~1.8d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How HYPE funding compares across venues
| Exchange | Funding APR |
|---|---|
| Phoenix | +11.12% |
| Hyperliquid | +10.95% |
| Ondo | +10.95% |
| Pacifica | +10.95% |
| Arcus | +10.95% |
| TxFlow | +10.95% |
| Grvt | +10.95% |
| Nado | +10.95% |
| Katana | +10.89% |
| Decibel | +10.51% |
| Lighter RH | +9.64% |
| Variational | +7.28% |
| Paradex | +5.18% |
| SoDEX | +5.06% |
| Aster | +4.73% |
| Lighter | +0.88% |
| dYdX | +0.00% |
| Perpl | +0.00% |
| n1xyz | -3.50% |
| HotStuff | -8.76% |
| Extended | -10.51% |
| Hibachi | -11.17% |
| Polymarket | -12.36% |
| RiseX | -17.01% |
| Kraken | -24.99% |
Frequently asked
What is the current HYPE funding rate on Phoenix?
HYPE on Phoenix is funding at 11.12% APR (0.0013% every 1h), paid longs pay shorts, as of 2026-09-06 05:18 UTC.
How often does Phoenix pay funding on HYPE?
Every 1 hour.
How do I earn HYPE funding without price risk?
Open a delta-neutral position: long n1xyz and short Arcus, currently 10.9% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.