Phoenix
dexMaker 0.005% · Taker 0.035%
Per-asset breakdown
Daily average of the venue's rolling 24h figures, through the last complete day — so these totals sit close to, but not exactly on, the live numbers above. Hover a chart for the per-asset split · hover or click an asset to spotlight it · click a legend chip to hide it.
Markets
| Asset | Mark Price ↕ | 24h % ↕ | Funding APR ↕ | Open Interest ↓ | 24h Volume ↕ | ||
|---|---|---|---|---|---|---|---|
 SOL | $103.98 | +3.47% | +13.49% | +19.78% | 1h | $3.7M | — |
 ETH | $2,509.2 | +4.84% | +18.87% | +13.09% | 1h | $2.9M | — |
 BTC | $81,282 | +5.03% | +10.03% | +16.88% | 1h | $2.1M | — |
 TSLA | $374.89 | +4.93% | +0.35% | +1.86% | 1h | $855K | — |
 HYPE | $87.555 | +6.81% | +0.01% | -0.11% | 1h | $417K | — |
 ZEC | $953.02 | +16.81% | +10.30% | +13.65% | 1h | $372K | — |
| 🚀SPACEX | $150.07 | +6.81% | +0.06% | -0.00% | 1h | $281K | — |
 MU | $953.8 | -0.19% | +0.18% | +1.37% | 1h | $245K | — |
 META | $613.8 | +2.67% | +0.20% | +0.70% | 1h | $237K | — |
 NEAR | $1.9577 | +3.70% | +51.49% | +28.70% | 1h | $202K | — |
Click an asset to view market overview · Funding rates update every 60s
About Phoenix funding & fees
Phoenix is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 50 perpetual markets, $14.3M total open interest. Average funding across its markets is +1.96% annualized. ORBIT compares Phoenix's funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
Phoenix charges 0.035% taker and 0.005% maker fees on perpetuals. Via the ORBIT referral you also get: 0.5 bps maker · 3.5 bps taker. Execution cost matters for funding arbitrage — ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net of what you actually pay.
Phoenix is pre-TGE — points farmed now may convert to a future airdrop. Pairing it with a funding-arbitrage position lets you earn the spread while farming. See the [Points Calculator](/tools/points-calculator) for FDV-based estimates.
To run funding arbitrage with Phoenix, find an asset whose funding here diverges from another venue on the [Funding Screener](/screener), then verify the pair in the [backtester](/pair/BTC). Its most active markets right now include SOL (+13.49%), ETH (+18.87%), BTC (+10.03%).
Frequently asked questions
- What are Phoenix trading fees?
- Phoenix charges 0.035% taker and 0.005% maker on perpetual futures. ORBIT referral perk: 0.5 bps maker · 3.5 bps taker. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is Phoenix a CEX or DEX?
- Phoenix is a decentralized perpetual exchange (perp DEX). You trade non-custodially from your own wallet.
- Does Phoenix have an airdrop or points program?
- Yes — Phoenix is pre-TGE with points farming active. Trading volume accrues points that may convert to a future airdrop. Stack them on a funding-arbitrage long leg and value them with the ORBIT Points Calculator.
- How do I arbitrage funding rates on Phoenix?
- Open the ORBIT Funding Screener, find an asset where Phoenix's funding is much higher or lower than another exchange, then go long on the lower-funding venue and short on the higher one in equal size. Backtest the exact pair on ORBIT first to confirm it is profitable net of fees and slippage.
- How much open interest does Phoenix have?
- Phoenix currently has $14.3M in total open interest across 50 perpetual markets, with $0 traded in the last 24 hours.