IREN funding rate on Phoenix
Over the last 9.6 days, IREN funding on Phoenix averaged +16.9% APR and stayed positive 89.6% of the time, ranging from -31.8% to +44.7%. Right now it pays longs pay shorts at +16.8% APR, settled every 1h across 6 venues we track. The most reliable delta-neutral pairing for IREN right now is long Variational / short TradeXYZ at +29.8% net APR (high risk, ~2.6d to break even).
IREN funding history on Phoenixlast 10d
- Backtested (30d)
- +8.2%
- Stability
- 93%
- Risk
- low
- Breakeven
- ~4d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How IREN funding compares across venues
Frequently asked
What is the current IREN funding rate on Phoenix?
IREN on Phoenix is funding at 16.83% APR (0.0019% every 1h), paid longs pay shorts, as of 2026-09-04 07:25 UTC.
How often does Phoenix pay funding on IREN?
Every 1 hour.
How do I earn IREN funding without price risk?
Open a delta-neutral position: long Variational and short Phoenix, currently 8.5% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.