Phala Network (PHA) Funding Rate and Open Interest on MEXC
Live MEXC PHA markets from MEXC's public API: perp and spot price and 24h volume, open interest, funding with its interval and APR. The charts show MEXC only; the table below compares PHA on every exchange tracked here.
MEXC has $2.12M of PHA perpetual open interest, not ranked and left out of the combined PHA total: MEXC's reported open interest moves about 6.8 times more than its own trades imply (T-344), so it is shown per market but not added to combined totals. See /data-accuracy#oi-totals. PHA funding on MEXC is -0.2450% per 8 hours (≈-268% APR), settles every 4 hours with a current interval quote of -0.1225%, above the OI-weighted average of -0.3317% across exchanges. MEXC PHA open interest changed +101.07% over the last 24h.
PHA markets on MEXC
1 perp| Market | Price | Vol 24h | Open interest | OI 24h | Funding / 8h | APR | Interval / current quote | Trade |
|---|---|---|---|---|---|---|---|---|
| PHA_USDT perp | 0.06194 | $15.49M | $2.12M | +101.07% | -0.2450% | ≈-268% APR | 4 hours · -0.1225% | Trade ↗ |
PHA funding on MEXC
8h equivalent, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
PHA open interest on MEXC
USD, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Seven completed days of PHA funding observations on MEXC
| UTC date | Mean funding / 8h | Observed hours |
|---|---|---|
| -0.0211% | 24/24 hours | |
| 0.0064% | 24/24 hours | |
| 0.0036% | 24/24 hours | |
| -0.0034% | 24/24 hours | |
| -0.0056% | 24/24 hours | |
| 0.0079% | 24/24 hours | |
| 0.0025% | 24/24 hours |
Daily mean of hourly observed 8-hour-equivalent funding, not settled payments or a cashflow sum. Each hour uses the chart's open-interest weighting across MEXC PHA perpetual contracts (a plain mean when no positive OI is available). Stored rates are already normalized; today's settlement interval is not applied again. Coverage counts usable hourly buckets, not every five-minute sample. Missing hours are excluded, not zero.
PHA on every exchange
PHA funding, all exchanges →| # | Exchange | Open interest | Share | Funding / 8h | APR | Perp vol 24h |
|---|---|---|---|---|---|---|
| 1 | Binance | $6.97M | 65.2% | -0.2525% | ≈-276% APR | $125.53M |
| 2 | Bybit | $1.82M | 17.1% | -0.7615% | ≈-834% APR | $26.91M |
| 3 | Bitget | $893K | 8.4% | -0.1454% | ≈-159% APR | $15.02M |
| 4 | KuCoin | $554K | 5.2% | -0.2718% | ≈-298% APR | $2.85M |
| 5 | Aster | $278K | 2.6% | -0.1693% | ≈-185% APR | $1.77M |
| 6 | Gate | $165K | 1.5% | -0.4160% | ≈-456% APR | $1.77M |
| — | MEXC | $2.12M | not ranked | -0.2450% | ≈-268% APR | $15.49M |
How it's counted. Open interest is the USD value of open PHA perpetual positions (one side) at the mark price. Funding is shown as the 8-hour equivalent so exchanges with 1-, 4- and 8-hour settlements compare directly; the interval column gives the current quoted rate for each market's native funding interval. This quote can change before settlement and does not prove a payment already occurred. HIP-3 markets that share the ticker are left out. Coverage: USDT perps: open interest and funding polled over REST every 60s; MEXC publishes no liquidation feed.
PHA on MEXC FAQ
What is the PHA funding rate on MEXC?
The rate at the top of this page is MEXC's live PHA perpetual funding rate, shown per 8 hours (-0.2450%) so it compares directly with other exchanges, and as a current interval quote (-0.1225% per 4 hours). Positive means longs pay shorts; negative means shorts pay longs. The chart below shows its history on MEXC only.
How often does MEXC pay PHA funding?
MEXC settles PHA funding every 4 hours; the 8-hour figures on this page are scaled to that interval for comparison. The current quote can change before settlement and does not prove a payment already occurred.
How much PHA open interest is on MEXC?
$2.12M open PHA perpetual positions on MEXC, valued at the current mark price and counted on one side. The comparison table shows every other exchange's share.
Where does the data come from?
MEXC's public market-data API, read live by this site. Nothing here comes from paid data vendors.