Phemex lists 487 perpetual markets with funding rate data. The current mean funding rate across Phemex perps is -0.85 bps (-9.29% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Phemex funding rates

• TAC: 7.90 bps (86.50% APY)
• BEAM: 4.88 bps (53.43% APY)
• CAT: 1.64 bps (17.98% APY)

Lowest Phemex funding rates

• LAB: -400.00 bps (-4380.00% APY)
• BLUR: -222.54 bps (-2436.87% APY)
• SLX: -31.44 bps (-344.31% APY)

Largest absolute Phemex funding rates

Markets with the most extreme Phemex funding (positive or negative): LAB (-400.00 bps), BLUR (-222.54 bps), SLX (-31.44 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 2026-07-07T19:48:16Z (UTC).