IREN funding rate on Phoenix
Over the last 30 days, IREN funding on Phoenix averaged +34.7% APR and stayed positive 87.2% of the time, ranging from -176.2% to +352.8%. Right now it pays longs pay shorts at +78.7% APR, settled every 1h across 8 venues we track. The most reliable delta-neutral pairing for IREN right now is long QFEX / short Phoenix at +55.1% net APR (medium risk, ~1.5d to break even).
IREN funding history on Phoenixlast 30d
- Backtested (30d)
- +15.9%
- Stability
- 88.7%
- Risk
- medium
- Breakeven
- ~1.5d
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
| Exchange | Funding APR |
|---|---|
| Phoenix | +78.74% |
| Grvt | +29.67% |
| Variational | +28.09% |
| Lighter RH | +22.78% |
| QFEX | +8.76% |
| TradeXYZ | +8.20% |
| Aster | +0.00% |
| TxFlow | -13.57% |
Frequently asked
What is the current IREN funding rate on Phoenix?
IREN on Phoenix is funding at 78.74% APR (0.0090% every 1h), paid longs pay shorts, as of 2026-10-19 21:23 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 QFEX and short Phoenix, currently 55.1% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.