HYPE funding rate on Phoenix
Over the last 5.3 days, HYPE funding on Phoenix averaged +3.5% APR and stayed positive 67.2% of the time, ranging from -7.5% to +20.5%. Right now it pays longs pay shorts at +1.5% APR, settled every 1h across 24 venues we track. The most reliable delta-neutral pairing for HYPE right now is long Lighter / short RiseX at +21.6% net APR (medium risk, ~2.1d to break even).
HYPE funding history on Phoenixlast 5d
- Backtested (30d)
- -1.3%
- Stability
- 96.9%
- Risk
- low
- Breakeven
- ~3.3d
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 |
|---|---|
| RiseX | +41.89% |
| Perpl | +17.52% |
| 01xyz | +16.64% |
| Extended | +11.39% |
| Hyperliquid | +10.95% |
| Pacifica | +10.95% |
| Arcus | +10.95% |
| Grvt | +10.95% |
| Aster | +10.95% |
| SoDEX | +10.95% |
| Nado | +10.95% |
| Katana | +10.89% |
| Lighter | +10.51% |
| Paradex | +10.43% |
| Ethereal | +10.00% |
| Decibel | +9.64% |
| Variational | +8.20% |
| EdgeX | +7.26% |
| Kraken | +5.32% |
| Hibachi | +2.41% |
| Phoenix | +1.48% |
| dYdX | +0.00% |
| HotStuff | -12.26% |
| Hyena | -19.67% |
Frequently asked
What is the current HYPE funding rate on Phoenix?
HYPE on Phoenix is funding at 1.48% APR (0.0002% every 1h), paid longs pay shorts, as of 2026-07-22 21:56 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 Phoenix and short RiseX, currently 21.1% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.