PHA Funding Rate & Schedule
PHA perpetual futures funding rate on 4 exchanges: Binance, MEXC, Bybit, BingX. Each exchange's next rate, how often it is collected, the next collection time, the 8-hour equivalent and 24h volume are below. Data as of 2026-10-18 16:48 UTC, from the exchanges' public endpoints.
- • Cheapest for longs: Binance (8h equivalent +0.0076%).
- • Best for shorts: BingX (8h equivalent +0.0100%).
- • Cross-exchange spread: 0.0024% per 8h.
- • Next collection: Binance at 20:00 UTC (+0.0038%, longs pay shorts).
- • Collection intervals: every 4h.
Where PHA stands
- • PHA ranks #368 by 24h volume among 922 pairs listed on at least two exchanges.
- • Average 8h equivalent across exchanges is +0.0088% (longs pay) — #284 of 922 from the highest.
- • Cross-exchange spread is 0.0024% (8h), #628 by spread — a wider spread means more arbitrage room.
PHA — funding by exchange
| Exchange | Next rate | Who pays | Interval | Next collection | 8h equiv. | Annual | 24h volume | |
|---|---|---|---|---|---|---|---|---|
| Binance | +0.0038% | ▲ longs pay | every 4h | 20:00 UTC | +0.0076% | +8.3% | $4.2M | |
| MEXC | +0.0038% | ▲ longs pay | every 4h | 20:00 UTC | +0.0076% | +8.3% | $391K | |
| Bybit | +0.0050% | ▲ longs pay | every 4h | 20:00 UTC | +0.0100% | +10.9% | $354K | |
| BingX | +0.0050% | ▲ longs pay | every 4h | 20:00 UTC | +0.0100% | +10.9% | $1.3M |
The rate updates during the period and is fixed at collection. The 8h equivalent compares different intervals fairly (0.01% every 4h = 0.02% per 8h). Source: the exchanges' public endpoints.
Frequently asked questions
What is the PHA funding rate?
A periodic payment between long and short holders of the PHA perpetual contract. If the rate is positive, longs pay shorts; if negative, shorts pay longs. It keeps the perpetual price close to spot.
How often is PHA funding collected?
It depends on the exchange: Binance 4h, MEXC 4h, Bybit 4h, BingX 4h. Use the "8h equivalent" column to compare different intervals.
Which exchange has the lowest PHA funding?
At the last refresh the lowest 8h equivalent for longs was Binance (+0.0076%) and the highest for shorts BingX (+0.0100%). Rates change during the period and are fixed at collection.
How is PHA funding calculated?
Payment = position size × funding rate. A 10,000 USDT PHA long at 0.01% pays 1 USDT at collection. Leverage doesn't change the payment; position size does. Highest 24h volume is on Binance ($4.2M).
Pairs with funding similar to PHA
Funding rates for other pairs
Guide: What Is the Funding Rate? How It's Calculated and When It's Paid · Funding Rate Arbitrage: Reading Cross-Exchange Funding Spreads