SKHY funding rate on Phoenix

Funding APR
+19.88%
0.0023% / 1h
Interval
1h
next 21:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
15
listing this pair

Over the last 30 days, SKHY funding on Phoenix averaged +12.4% APR and stayed positive 73.7% of the time, ranging from -137.5% to +124.5%. Right now it pays longs pay shorts at +19.9% APR, settled every 1h across 15 venues we track. The most reliable delta-neutral pairing for SKHY right now is long TradeXYZ / short Phoenix at +10.6% net APR (high risk, ~2.1d to break even).

as of 2026-09-05 20:01 UTC

SKHY funding history on Phoenixlast 30d

30d average
+12.42%
Range
-138% / 125%
% positive
73.7%
Volatility
21.1
Best delta-neutral pairing
Long TradeXYZ / Short Phoenix
+10.6% net APR
Backtested (30d)
+15.2%
Stability
87.2%
Risk
high
Breakeven
~2.1d

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

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How SKHY funding compares across venues

ExchangeFunding APR
Phoenix+19.88%
Ondo+5.52%
TradeXYZ+5.48%
Polymarket+5.47%
SoDEX+5.47%
Arcus+4.22%
Lighter RH+3.50%
Lighter+3.50%
Nado+0.93%
QFEX+0.00%
Variational+0.00%
Aster+0.00%
Grvt+0.00%
Extended+0.00%
Kraken-39.91%

Frequently asked

What is the current SKHY funding rate on Phoenix?

SKHY on Phoenix is funding at 19.88% APR (0.0023% every 1h), paid longs pay shorts, as of 2026-09-05 20:01 UTC.

How often does Phoenix pay funding on SKHY?

Every 1 hour.

How do I earn SKHY funding without price risk?

Open a delta-neutral position: long TradeXYZ and short Phoenix, currently 10.6% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy