MON funding rate on Phoenix
Over the last 3.9 days, MON funding on Phoenix averaged -16.9% APR and stayed positive 2.2% of the time, ranging from -41.6% to +41.1%. Right now it pays shorts pay longs at -38.4% APR, settled every 1h across 16 venues we track. The most reliable delta-neutral pairing for MON right now is long Phoenix / short Kraken at +26.8% net APR (medium risk, ~0.8d to break even).
MON funding history on Phoenixlast 4d
- Backtested (30d)
- +103.8%
- Stability
- 100%
- Risk
- medium
- Breakeven
- ~0.8d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How MON funding compares across venues
Frequently asked
What is the current MON funding rate on Phoenix?
MON on Phoenix is funding at -38.38% APR (-0.0044% every 1h), paid shorts pay longs, as of 2026-07-21 14:49 UTC.
How often does Phoenix pay funding on MON?
Every 1 hour.
How do I earn MON funding without price risk?
Open a delta-neutral position: long Phoenix and short Kraken, currently 26.8% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.