MU funding rate on Phoenix

Funding APR
+17.94%
0.0020% / 1h
Interval
1h
next 10:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
19
listing this pair

Over the last 30 days, MU funding on Phoenix averaged +15.3% APR and stayed positive 71.2% of the time, ranging from -152.6% to +62.3%. Right now it pays longs pay shorts at +17.9% APR, settled every 1h across 19 venues we track. The most reliable delta-neutral pairing for MU right now is long TxFlow / short Arcus at +11.6% net APR (low risk, ~0.2d to break even).

as of 2026-09-04 09:42 UTC

MU funding history on Phoenixlast 30d

30d average
+15.28%
Range
-153% / 62%
% positive
71.2%
Volatility
18.7
Best delta-neutral pairing
Long Variational / Short Phoenix
+13.8% net APR
Backtested (30d)
+9.0%
Stability
83.8%
Risk
high
Breakeven
~1d

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

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How MU funding compares across venues

ExchangeFunding APR
Arcus+32.79%
Extended+23.65%
Phoenix+17.94%
TxFlow+17.39%
Pacifica+10.95%
Decibel+9.64%
QFEX+8.76%
Nado+7.79%
Paradex+7.53%
Grvt+5.80%
Ondo+5.52%
TradeXYZ+5.48%
Polymarket+5.47%
SoDEX+5.47%
Lighter RH+3.50%
Lighter+3.50%
Aster+2.99%
Variational+1.08%
RiseX+0.00%

Frequently asked

What is the current MU funding rate on Phoenix?

MU on Phoenix is funding at 17.94% APR (0.0020% every 1h), paid longs pay shorts, as of 2026-09-04 09:42 UTC.

How often does Phoenix pay funding on MU?

Every 1 hour.

How do I earn MU funding without price risk?

Open a delta-neutral position: long Variational and short Phoenix, currently 13.8% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy