MON funding rate on Phoenix

Funding APR
-42.15%
-0.0048% / 1h
Interval
1h
next 02:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
19
listing this pair

Over the last 30 days, MON funding on Phoenix averaged -5.0% APR and stayed positive 18.2% of the time, ranging from -161.3% to +118.5%. Right now it pays shorts pay longs at -42.1% APR, settled every 1h across 19 venues we track. The most reliable delta-neutral pairing for MON right now is long Decibel / short Pacifica at +45.0% net APR (low risk, ~0.9d to break even).

as of 2026-10-20 01:27 UTC

MON funding history on Phoenixlast 30d

30d average
-4.98%
Range
-161% / 118%
% positive
18.2%
Volatility
27.1
Best delta-neutral pairing
Long Decibel / Short Pacifica
+45.0% net APR
Backtested (30d)
+24.3%
Stability
92.7%
Risk
low
Breakeven
~0.9d

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

ExchangeFunding APR
Perpl+24.45%
Hyperliquid+10.95%
dYdX+10.95%
Pacifica+10.95%
Variational+10.95%
SoDEX+10.95%
Lighter+10.51%
RiseX+8.13%
Grvt+7.88%
Paradex-19.23%
Nado-31.81%
Extended-32.41%
Aster-39.80%
Decibel-41.17%
Phoenix-42.15%
TxFlow-44.35%
Kraken-58.37%
n1xyz-66.58%
Bulk-81.24%

Frequently asked

What is the current MON funding rate on Phoenix?

MON on Phoenix is funding at -42.15% APR (-0.0048% every 1h), paid shorts pay longs, as of 2026-10-20 01:27 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 Decibel and short Pacifica, currently 45.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy