MET funding rate on Phoenix
Over the last 30 days, MET funding on Phoenix averaged -48.8% APR and stayed positive 0.4% of the time, ranging from -611.0% to +21.1%. Right now it pays shorts pay longs at -25.8% APR, settled every 1h across 5 venues we track. The most reliable delta-neutral pairing for MET right now is long TxFlow / short Lighter at +49.6% net APR (high risk, ~1.2d to break even).
MET funding history on Phoenixlast 30d
- Backtested (30d)
- +19.6%
- Stability
- 95.5%
- Risk
- high
- Breakeven
- ~3.8d
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 |
|---|---|
| Lighter | +10.51% |
| Aster | -11.72% |
| Phoenix | -25.81% |
| TxFlow | -50.46% |
| Hyperliquid | -82.23% |
Frequently asked
What is the current MET funding rate on Phoenix?
MET on Phoenix is funding at -25.81% APR (-0.0029% every 1h), paid shorts pay longs, as of 2026-10-22 13:45 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 Lighter, currently 17.1% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.