Phemex lists 541 perpetual markets with funding rate data. The current mean funding rate across Phemex perps is -0.36 bps (-3.97% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Phemex funding rates

• BSB: 12.76 bps (139.68% APY)
• QCOM: 6.24 bps (68.36% APY)
• ACN: 4.00 bps (43.80% APY)

Lowest Phemex funding rates

• ME: -225.26 bps (-2466.60% APY)
• GMT: -142.15 bps (-1556.56% APY)
• MTL: -49.15 bps (-538.14% APY)

Largest absolute Phemex funding rates

Markets with the most extreme Phemex funding (positive or negative): ME (-225.26 bps), GMT (-142.15 bps), MTL (-49.15 bps).

About Phemex funding rates

Funding payments keep Phemex perpetual contracts pinned to the underlying spot price. A positive Phemex funding rate means longs pay shorts — the long side is crowded and willing to pay to hold the position. A negative Phemex funding rate means shorts pay longs. All rates on this page are normalized to an 8-hour basis so Phemex can be compared directly with venues that fund hourly, every 4 hours, or on any other schedule.

Last updated 2026-05-23 18:01:31 (UTC).