MEGA funding rate on Phoenix
Over the last 30 days, MEGA funding on Phoenix averaged -5.2% APR and stayed positive 9.1% of the time, ranging from -28.7% to +63.3%. Right now it pays shorts pay longs at -22.5% APR, settled every 1h across 11 venues we track. The most reliable delta-neutral pairing for MEGA right now is long Nado / short Pacifica at +24.0% net APR (low risk, ~1.4d to break even).
MEGA funding history on Phoenixlast 30d
- Backtested (30d)
- +8.8%
- Stability
- 97.8%
- Risk
- low
- Breakeven
- ~1.9d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How MEGA funding compares across venues
Frequently asked
What is the current MEGA funding rate on Phoenix?
MEGA on Phoenix is funding at -22.50% APR (-0.0026% every 1h), paid shorts pay longs, as of 2026-09-07 16:35 UTC.
How often does Phoenix pay funding on MEGA?
Every 1 hour.
How do I earn MEGA funding without price risk?
Open a delta-neutral position: long Phoenix and short Hyperliquid, currently 21.4% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.