MEGA funding rate on Phoenix

Funding APR
-19.90%
-0.0023% / 1h
Interval
1h
next 20:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
11
listing this pair

Over the last 7.2 days, MEGA funding on Phoenix averaged -19.8% APR and stayed positive 0% of the time, ranging from -40.8% to +0.0%. Right now it pays shorts pay longs at -19.9% APR, settled every 1h across 11 venues we track. The most reliable delta-neutral pairing for MEGA right now is long Nado / short Grvt at +19.9% net APR (low risk, ~2d to break even).

as of 2026-07-24 19:45 UTC

MEGA funding history on Phoenixlast 7d

30d average
-19.83%
Range
-41% / 0%
% positive
0%
Volatility
7.7
Best delta-neutral pairing
Long Phoenix / Short Grvt
+16.6% net APR
Backtested (30d)
+16.4%
Stability
100%
Risk
low
Breakeven
~3.2d

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

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
Pacifica+10.95%
Variational+10.95%
Grvt+10.95%
Aster+10.95%
Lighter+10.51%
EdgeX+0.00%
Decibel-14.02%
Nado-16.44%
Phoenix-19.90%

Frequently asked

What is the current MEGA funding rate on Phoenix?

MEGA on Phoenix is funding at -19.90% APR (-0.0023% every 1h), paid shorts pay longs, as of 2026-07-24 19:45 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 Grvt, currently 16.6% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy