MET funding rate on Phoenix
Over the last 7.2 days, MET funding on Phoenix averaged -46.5% APR and stayed positive 0% of the time, ranging from -79.6% to -25.7%. Right now it pays shorts pay longs at -63.1% APR, settled every 1h across 5 venues we track. The most reliable delta-neutral pairing for MET right now is long Phoenix / short Hyperliquid at +54.0% net APR (medium risk, ~1.7d to break even).
MET funding history on Phoenixlast 7d
- Backtested (30d)
- +25.1%
- Stability
- 90.7%
- Risk
- medium
- Breakeven
- ~1.7d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How MET funding compares across venues
| Exchange | Funding APR |
|---|---|
| dYdX | +10.95% |
| Hyperliquid | +10.03% |
| Aster | +0.70% |
| Phoenix | -63.15% |
| Lighter | -109.50% |
Frequently asked
What is the current MET funding rate on Phoenix?
MET on Phoenix is funding at -63.15% APR (-0.0072% every 1h), paid shorts pay longs, as of 2026-07-24 19:40 UTC.
How often does Phoenix pay funding on MET?
Every 1 hour.
How do I earn MET funding without price risk?
Open a delta-neutral position: long Phoenix and short Hyperliquid, currently 54.0% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.