PHAROS Funding Rate History — Settled Payments by Exchange
Pharos
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Toobit | 180 | +3.4456% | +41.95% | +0.1392% | +0.0050% | 2026-09-27 20:00 UTC |
 Binance Futures | 180 | +3.4259% | +41.71% | +0.1392% | +0.0050% | 2026-09-27 20:00 UTC |
 WEEX | 180 | +3.4125% | +41.55% | +0.1392% | +0.0050% | 2026-09-27 20:00 UTC |
 MEXC | 180 | +3.4096% | +41.51% | +0.1409% | +0.0050% | 2026-09-27 20:00 UTC |
 BloFin | 180 | +3.3950% | +41.33% | +0.1412% | +0.0020% | 2026-09-27 20:00 UTC |
 Bitunix | 180 | +3.2341% | +39.37% | +0.1465% | +0.0050% | 2026-09-27 20:00 UTC |
 BingX | 180 | +3.0215% | +36.79% | +0.1056% | -0.0130% | 2026-09-27 20:00 UTC |
 Bybit | 180 | +1.5619% | +19.02% | +0.3478% | -0.0061% | 2026-09-27 20:00 UTC |
What the PHAROS funding rate means
What PHAROS (Pharos) actually paid over the last 30 days: 1,440 settlements across 8 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. Toobit paid the most over the window at +3.4456% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 100% of the 1,440 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +3.4456% on Toobit to +1.5619% on Bybit — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the PHAROS funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 100% of the 1,440 settlements recorded here.
- Which exchange has paid the most settled PHAROS funding recently?
- Toobit paid the most over the last 30 days at +3.4456% of position size across 180 settlements, an average annualized rate of +41.95%. This is a sum of actual payments, not a forecast.
- How often is PHAROS funding actually paid?
- Over the last 30 days, ORBIT recorded 1,440 funding settlements for PHAROS across 8 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.