PHA funding rate

Live PHALA perpetual funding on every connected exchange. Positive funding means longs pay shorts.

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Highest (24h)+0.061%KuCoin

Lowest (24h)+0.030%Variational

Average (24h)+0.034%across 8 venues

Funding gap (24h)+0.031%short the highest, long the lowest

ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume

KuCoinCEX · PHAUSDTM+0.0102%4h03:03:27+0.061%+22.3%$0.0722+0.222%$244.7K

BinanceCEX · PHAUSDT+0.0050%4h—+0.030%+10.9%$0.072+0.004%—

BybitCEX · PHAUSDT+0.0050%4h—+0.030%+10.9%$0.072+0.042%$3.40M

BitgetCEX · PHAUSDT+0.0050%4h—+0.030%+10.9%$0.0721+0.080%$2.11M

MEXCCEX · PHA_USDT+0.0050%4h03:03:27+0.030%+10.9%$0.0720.000%$1.07M

GateCEX · PHA_USDT+0.0050%4h03:03:27+0.030%+10.9%$0.0720.000%$3.55M

AsterPerp DEX · PHAUSDT+0.0050%4h—+0.030%+10.9%$0.072+0.013%—

VariationalCEX · PHA+0.0050%4h—+0.030%+10.9%$0.0721—$54.4K

PHA funding rate explained

Right now PHALA (PHA) perpetual futures trade on 8 exchanges we track. The highest funding is on KuCoin at +0.061% per day, the lowest on Variational at +0.030%. The average across all venues is +0.034% per day, or about +12.4% a year. Positive funding means PHA longs are paying shorts — the market is leaning long.

The gap between the highest and lowest venue is +0.031% per day. A delta-neutral position that shorts PHA on KuCoin and goes long on Variational would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live PHA arbitrage board for the price side of the trade.

Settlement intervals differ: PHA funding is paid every 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.

What is the PHA funding rate today?

The average PHA funding rate across 8 exchanges is +0.034% per 24 hours. It ranges from +0.030% on Variational to +0.061% on KuCoin. Rates update every few seconds on this page.

Which exchange has the highest PHA funding rate?

KuCoin currently has the highest PHA funding at +0.061% per day, and Variational the lowest at +0.030%.

How often is PHA funding paid?

PHA perpetuals settle funding every 4 hours, depending on the exchange. The table shows each venue's interval and a countdown to the next payment.

Is PHA funding positive or negative?

On average it is positive (+0.034% per day): longs pay shorts.