Pha (PHA) — Funding Rates
Perpetual futures funding rates across exchanges
Pha (PHA) perpetual futures currently show funding across 13 markets, averaging -0.0105% per interval. The highest rate is 0.0050%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
13
Highest Rate
0.0050%
Lowest Rate
-0.0436%
Total Perp Markets
13
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| Binance | PHA/USDT | -0.0403% | -0.0% | 8000h · 8:00:00 AM | $0.04 | $5M |
| Xt | PHA/USDT | -0.0436% | -0.0% | 8000h | $0.04 | $1.25M |
| Bingx | PHA/USDT | +0.0050% | +0.0% | 4000h · 8:00:00 AM | $0.04 | $760.19K |
| Whitebit | PHA/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 AM | $0.04 | $713.66K |
| Bybit | PHA/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 AM | $0.04 | $543.5K |
| Bitget | PHA/USDT | +0.0050% | +0.0% | 4000h · 8:00:00 AM | $0.04 | $475.77K |
| Blofin | PHA/USDT | +0.0037% | +0.0% | 8000h · 8:00:00 PM | $0.08 | $393.7K |
| MEXC | PHA/USDT | -0.0402% | -0.1% | 4000h · 8:00:00 AM | $0.04 | $310.42K |
| Btse | PHA/USD | +0.0050% | +0.0% | 8000h | $0.04 | $248.46K |
| Gate | PHA/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 AM | $0.04 | $201.46K |
| Pionex | PHA/USDT | -0.0419% | -0.0% | 8000h · 8:00:00 AM | $0.04 | $33.65K |
| Kucoin | PHA/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 AM | $0.04 | $23.56K |
| Aster | PHA/USDT | -0.0092% | -0.1% | 1000h · 8:00:00 AM | $0.04 | $14.43K |
Pha Funding Rate FAQ
What is the PHA funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on PHA perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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