API3 funding rate explained
Right now Api3 (API3) perpetual futures trade on 9 exchanges we track. The highest funding is on Gate at -1.868% per day, the lowest on Bybit at -5.258%. The average across all venues is -3.417% per day, or about -1247.1% a year. Negative funding means API3 shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +3.390% per day. A delta-neutral position that shorts API3 on Gate and goes long on Bybit would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live API3 arbitrage board for the price side of the trade.
Settlement intervals differ: API3 funding is paid every 4 hours and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: API3 arbitrage · Api3 price · funding rates for all coins.