MRNA funding rate on Phoenix

Funding APR
+29.99%
0.0034% / 1h
Interval
1h
next 20:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
13
listing this pair

Over the last 10.1 days, MRNA funding on Phoenix averaged +9.8% APR and stayed positive 73.3% of the time, ranging from -51.9% to +37.7%. Right now it pays longs pay shorts at +30.0% APR, settled every 1h across 13 venues we track. The most reliable delta-neutral pairing for MRNA right now is long Variational / short Decibel at +9.4% net APR (medium risk, ~3.1d to break even).

as of 2026-09-04 19:43 UTC

MRNA funding history on Phoenixlast 10d

30d average
+9.84%
Range
-52% / 38%
% positive
73.3%
Volatility
11.0
Best delta-neutral pairing
Long Aster / Short Phoenix
+22.0% net APR
Backtested (30d)
+5.8%
Stability
85%
Risk
low
Breakeven
~2.2d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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How MRNA funding compares across venues

ExchangeFunding APR
Grvt+43.58%
TxFlow+37.16%
Decibel+33.29%
Phoenix+29.99%
SoDEX+25.08%
Variational+16.45%
Ondo+12.70%
TradeXYZ+5.48%
Extended+5.26%
Arcus+4.22%
Lighter+3.50%
QFEX+0.00%
Aster+0.00%

Frequently asked

What is the current MRNA funding rate on Phoenix?

MRNA on Phoenix is funding at 29.99% APR (0.0034% every 1h), paid longs pay shorts, as of 2026-09-04 19:43 UTC.

How often does Phoenix pay funding on MRNA?

Every 1 hour.

How do I earn MRNA funding without price risk?

Open a delta-neutral position: long Aster and short Phoenix, currently 22.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy