RAY funding rate on Phoenix
Over the last 7.1 days, RAY funding on Phoenix averaged -24.8% APR and stayed positive 11% of the time, ranging from -61.5% to +20.4%. Right now it pays shorts pay longs at -39.8% APR, settled every 1h across 5 venues we track. The most reliable delta-neutral pairing for RAY right now is long Kraken / short Phoenix at +109.1% net APR (medium risk, ~0.5d to break even).
RAY funding history on Phoenixlast 7d
- Backtested (30d)
- +30.8%
- Stability
- 90.7%
- Risk
- medium
- Breakeven
- ~0.5d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeNot ready to trade? Get a Telegram ping when RAY's delta-neutral funding APR spikes — no sign-up, no wallet needed. The bot confirms your exact watch level.
How RAY funding compares across venues
| Exchange | Funding APR |
|---|---|
| Variational | +10.95% |
| TxFlow | +10.95% |
| Lighter | +10.51% |
| Phoenix | -39.83% |
| Kraken | -179.01% |
Frequently asked
What is the current RAY funding rate on Phoenix?
RAY on Phoenix is funding at -39.83% APR (-0.0045% every 1h), paid shorts pay longs, as of 2026-10-06 21:31 UTC.
How often does Phoenix pay funding on RAY?
Every 1 hour.
How do I earn RAY funding without price risk?
Open a delta-neutral position: long Kraken and short Phoenix, currently 109.1% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.