Phemex lists 542 perpetual markets with funding rate data. The current mean funding rate across Phemex perps is -0.37 bps (-4.08% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Phemex funding rates

• SIREN: 25.02 bps (273.94% APY)
• FARTCOIN: 18.46 bps (202.15% APY)
• RIVER: 10.02 bps (109.74% APY)

Lowest Phemex funding rates

• STG: -347.80 bps (-3808.37% APY)
• HOME: -149.13 bps (-1632.94% APY)
• ZKC: -45.78 bps (-501.24% APY)

Largest absolute Phemex funding rates

Markets with the most extreme Phemex funding (positive or negative): STG (-347.80 bps), HOME (-149.13 bps), ZKC (-45.78 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 2026-06-15 20:48:47 (UTC).