PHAROS Funding Rate
PHAROS perpetual funding on 8 exchanges: the current rate, annualized, what was actually paid and the payment history. Positive means longs pay shorts.
Updated · How we count
PHAROS funding rate on every exchange
| Exchange | Rate per 8 h | Per period | Predicted | By premium | Annual | 1 day · 7 days · 30 days | Next payment | 24h volume | ||
|---|---|---|---|---|---|---|---|---|---|---|
 XT4 hbest long | −0.0628% | −0.0314% | — | +0.0291% | −68.8% | −0.175% | +0.121% | +3.688% | $774.1K | |
 Bybit4 h | +0.0100% | +0.0050% | — | +0.145% | 11.0% | +0.0300% | +0.210% | +2.281% | $339.5K | |
 WhiteBIT4 h | +0.0100% | +0.0050% | — | +0.183% | 11.0% | +0.0300% | +0.210% | +1.376% | $3.9M | |
 Binance4 h | +0.0483% | +0.0242% | — | +0.0202% | 52.9% | +0.0300% | +0.495% | +4.450% | — | |
 BingX4 h | +0.0494% | +0.0247% | — | +0.0677% | 54.1% | +0.0300% | +0.267% | +3.856% | $1.7M | |
 MEXC4 h | +0.0496% | +0.0248% | — | +0.0058% | 54.3% | +0.0300% | +0.489% | +4.437% | $132.3K | |
 WEEX4 h | +0.0497% | +0.0249% | — | +0.0050% | 54.5% | +0.0300% | +0.490% | +4.445% | $1.9M | |
 Toobit4 hbest short | +0.0497% | +0.0249% | — | +0.0152% | 54.5% | +0.0300% | +0.495% | +4.486% | $461.5K | |
What PHAROS funding actually paid
Over 7 days, a PHAROS long paid +0.347% on average across exchanges (18.1% a year). The most on Toobit (+0.495%), the least on XT (+0.121%).
Over 30 days, a PHAROS long paid +3.627% on average across exchanges (44.2% a year). The most on Toobit (+4.486%), the least on WhiteBIT (+1.376%).
PHAROS funding rate history chart
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PHAROS funding arbitrage right now
Among the exchanges that publish a 24h volume, the lowest rate now is on XT (−0.0628% per 8 h), the highest on Toobit (+0.0497%). Long on XT and short on Toobit, price hedged: a difference of 123% a year before fees and before the rates move.
Rates only. The price spread between the two perps, fees to enter and exit, book depth and whether the rate holds are in the futures screener →
PHAROS perpetual futures by exchange
WhiteBITPHAROS/USDT:USDT$0.653400$3.9MWEEXPHAROS/USDT:USDT$0.648900$1.9MBingXPHAROS/USDT:USDT$0.648850$1.7MXTPHAROS/USDT:USDT$0.649450$774.1KToobitPHAROS/USDT:USDT$0.648950$461.5KBybitPHAROS/USDT:USDT$0.649850$339.5KMEXCPHAROS/USDT:USDT$0.648950$132.3KBinancePHAROS/USDT:USDT$0.649050—FAQ
- What is the PHAROS funding rate?
A periodic payment between long and short holders of PHAROS perpetual futures that keeps the contract price near spot. When the rate is positive, longs pay shorts; when negative, shorts pay longs. Right now it ranges from −0.0628% to 0.0497% per 8 hours across 8 exchanges.
- How often is PHAROS funding paid?
Every 8 hours on most exchanges, every 1–4 hours on some (Hyperliquid pays hourly). The table shows each exchange's interval and the time to the next payment.
- Why is the PHAROS funding rate different on each exchange?
Each exchange computes it from its own premium of perpetual over index price and its own interval and caps. The difference is what funding arbitrage earns: short where funding is highest, long where it is lowest.
- Does a high APR mean high profit?
No. APR extrapolates the current rate over a year, and rates change every period. Compare it with what was actually paid over 7 and 30 days in the table above.