PHOENIX lists 24 perpetual markets with funding rate data. The current mean funding rate across PHOENIX perps is 0.29 bps (3.23% APY), with funding payments every 1h.

Highest PHOENIX Funding Rates

• CL: 13.24 bps (144.96% APY)
• XAU: 7.17 bps (78.53% APY)
• SKR: 4.68 bps (51.27% APY)

Lowest PHOENIX Funding Rates

• JTO: -3.02 bps (-33.04% APY)
• LIT: -2.29 bps (-25.09% APY)
• AAVE: -2.17 bps (-23.75% APY)

Largest Absolute PHOENIX Funding Rates

Markets with the most extreme PHOENIX funding (positive or negative): CL (13.24 bps), XAU (7.17 bps), SKR (4.68 bps).

Last updated 2026-05-10 05:16:16 (UTC).

Why Track PHOENIX Funding Rates?

Funding rates indicate market sentiment for perpetual futures on PHOENIX. Positive rates suggest bullish sentiment (longs pay shorts), while negative rates indicate bearish sentiment (shorts pay longs). Monitor PHOENIX funding rates to identify arbitrage opportunities, gauge market positioning, and optimize your trading strategy.

Key Features

• Current funding rates for all PHOENIX perpetual contracts
• Color-coded visualization for quick identification of high/low rates
• Symbol search and filtering across all PHOENIX trading pairs
• BPS and APY display modes for PHOENIX funding rates
• Real-time updates for active trading decisions
• Compare rates across hundreds of perpetual markets