MON funding rate on Phoenix
Over the last 30 days, MON funding on Phoenix averaged -23.4% APR and stayed positive 4.8% of the time, ranging from -99.1% to +77.7%. Right now it pays shorts pay longs at -35.4% APR, settled every 1h across 16 venues we track. The most reliable delta-neutral pairing for MON right now is long n1xyz / short Hyperliquid at +119.3% net APR (high risk, ~0.5d to break even).
MON funding history on Phoenixlast 30d
- Backtested (30d)
- +64.6%
- Stability
- 93.3%
- Risk
- high
- Breakeven
- ~0.5d
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 -35.39% APR (-0.0040% every 1h), paid shorts pay longs, as of 2026-09-04 20:53 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 n1xyz and short Hyperliquid, currently 119.3% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.