# PHA Funding Rates

As of 2026-10-03 18:23 UTC, PHA perpetual funding averages 0.0156% per 8 hours (17.06% APR) across all 14 exchanges that list it, weighted by 24h volume (median 0.0100%). Highest: Bybit at 0.0413% per 4h (90.50% APR). Lowest: Toobit at 0.0050% per 4h (10.95% APR). Going long on Toobit and short on Bybit collects a gross spread of 0.0727% per 8 hours (79.55% APR) before fees.

## Funding rate by exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Bybit](https://arbtide.com/funding-rates/pha/bybit) | [PHA/USDT:USDT](https://www.bybit.com/trade/usdt/PHAUSDT) | 0.0413% | 4h | 90.50% | 2026-10-03 20:00 UTC |
| [BingX](https://arbtide.com/funding-rates/pha/bingx) | [PHA/USDT:USDT](https://bingx.com/en/perpetual/PHA-USDT) | 0.0389% | 4h | 85.19% | — |
| [Gate](https://arbtide.com/funding-rates/pha/gate) | [PHA/USDT:USDT](https://www.gate.com/futures/USDT/PHA_USDT) | 0.0329% | 4h | 72.05% | 2026-10-03 20:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/pha/kucoin) | [PHA/USDT:USDT](https://www.kucoin.com/trade/futures/PHAUSDTM) | 0.0134% | 4h | 29.35% | 2026-10-03 20:00 UTC |
| [Binance](https://arbtide.com/funding-rates/pha/binance) | [PHA/USDT:USDT](https://www.binance.com/en/futures/PHAUSDT) | 0.0050% | 4h | 10.95% | 2026-10-03 20:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/pha/bitget) | [PHA/USDT:USDT](https://www.bitget.com/futures/usdt/PHAUSDT) | 0.0050% | 4h | 10.95% | — |
| [MEXC](https://arbtide.com/funding-rates/pha/mexc) | [PHA/USDT:USDT](https://www.mexc.com/futures/PHA_USDT) | 0.0050% | 4h | 10.95% | 2026-10-03 20:00 UTC |
| [WhiteBIT](https://arbtide.com/funding-rates/pha/whitebit) | [PHA/USDT:USDT](https://whitebit.com/trade/PHA-PERP?type=futures) | 0.0050% | 4h | 10.95% | 2026-10-03 20:00 UTC |
| [BTSE](https://arbtide.com/funding-rates/pha/btse) | [PHA/USDT:USDT](https://www.btse.com/en/futures/PHA-PERP) | 0.0050% | 4h | 10.95% | — |
| [XT.COM](https://arbtide.com/funding-rates/pha/xt) | [PHA/USDT:USDT](https://www.xt.com/en/futures/trade/pha_usdt) | 0.0050% | 4h | 10.95% | 2026-10-03 20:00 UTC |
| [LBank](https://arbtide.com/funding-rates/pha/lbank) | [PHA/USDT:USDT](https://www.lbank.com/futures/phausdt) | 0.0050% | 4h | 10.95% | 2026-10-03 20:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/pha/weex) | [PHA/USDT:USDT](https://www.weex.com/futures/PHA-USDT) | 0.0050% | 4h | 10.95% | 2026-10-03 18:23 UTC |
| [Toobit](https://arbtide.com/funding-rates/pha/toobit) | [PHA/USDT:USDT](https://www.toobit.com/en-US/futures/PHA-SWAP-USDT) | 0.0050% | 4h | 10.95% | 2026-10-03 20:00 UTC |
| [Aster](https://arbtide.com/funding-rates/pha/aster) | [PHA/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/PHAUSDT) | 0.0050% | 4h | 10.95% | — |

## Frequently asked questions

### Is the PHA funding rate positive right now?

Yes. PHA funding is positive on 14 of the 14 exchanges, which means longs are paying shorts on those venues.

### Which exchange has the highest PHA funding rate?

Bybit at 0.0413% per 4h (90.50% APR). The lowest is Toobit at 0.0050% per 4h (10.95% APR).

### What is the PHA funding arbitrage spread?

The gross spread is 0.0727% per 8 hours (79.55% APR): long PHA on Toobit and short on Bybit. Trading fees, slippage and price basis reduce the net return.

### How often is PHA funding paid?

PHA funding is paid every 4 hours on Bybit, BingX, Gate, KuCoin, Binance, Bitget, MEXC, WhiteBIT, BTSE, XT.COM, LBank, WEEX, Toobit, and Aster. Rates on this page are also shown as APR so they can be compared directly.