ORCA funding rate on Phoenix
Over the last 6.5 days, ORCA funding on Phoenix averaged -58.2% APR and stayed positive 1.9% of the time, ranging from -144.0% to +21.9%. Right now it pays shorts pay longs at -114.5% APR, settled every 1h across 4 venues we track. The most reliable delta-neutral pairing for ORCA right now is long Phoenix / short Aster at +112.2% net APR (low risk, ~0.7d to break even).
ORCA funding history on Phoenixlast 7d
- Backtested (30d)
- +53.6%
- Stability
- 100%
- Risk
- low
- Breakeven
- ~0.7d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How ORCA funding compares across venues
| Exchange | Funding APR |
|---|---|
| Extended | +11.39% |
| Variational | +10.95% |
| Aster | +10.95% |
| Phoenix | -114.50% |
Frequently asked
What is the current ORCA funding rate on Phoenix?
ORCA on Phoenix is funding at -114.50% APR (-0.0131% every 1h), paid shorts pay longs, as of 2026-10-20 06:17 UTC.
How often does Phoenix pay funding on ORCA?
Every 1 hour.
How do I earn ORCA funding without price risk?
Open a delta-neutral position: long Phoenix and short Aster, currently 112.2% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.