HYPE funding rate on Phoenix
Over the last 30 days, HYPE funding on Phoenix averaged +20.2% APR and stayed positive 97.2% of the time, ranging from -7.5% to +105.0%. Right now it pays longs pay shorts at +18.3% APR, settled every 1h across 26 venues we track. The most reliable delta-neutral pairing for HYPE right now is long Hibachi / short Kraken at +20.5% net APR (low risk, ~1.7d to break even).
HYPE funding history on Phoenixlast 30d
- Backtested (30d)
- +14.1%
- Stability
- 87.2%
- Risk
- low
- Breakeven
- ~0.2d
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 |
|---|---|
| Kraken | +28.74% |
| Phoenix | +18.28% |
| Extended | +11.39% |
| Hyperliquid | +10.95% |
| Ondo | +10.95% |
| Pacifica | +10.95% |
| Polymarket | +10.95% |
| Arcus | +10.95% |
| Bulk | +10.95% |
| Katana | +10.84% |
| Variational | +7.92% |
| n1xyz | +6.13% |
| Grvt | +5.26% |
| PopDEX | +1.66% |
| RiseX | +0.77% |
| Hibachi | +0.11% |
| dYdX | +0.00% |
| Perpl | +0.00% |
| Lighter RH | +0.00% |
| Nado | -0.75% |
| Aster | -1.92% |
| Paradex | -2.19% |
| TxFlow | -6.79% |
| SoDEX | -10.77% |
| Lighter | -12.26% |
| Decibel | -17.52% |
Frequently asked
What is the current HYPE funding rate on Phoenix?
HYPE on Phoenix is funding at 18.28% APR (0.0021% every 1h), paid longs pay shorts, as of 2026-10-21 13:36 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 Lighter RH and short Phoenix, currently 17.3% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.