BASECAT funding rate explained
Right now Basecat (BASECAT) perpetual futures trade on 3 exchanges we track. The highest funding is on Aster at +0.371% per day, the lowest on Gate at +0.030%. The average across all venues is +0.174% per day, or about +63.4% a year. Positive funding means BASECAT longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.341% per day. A delta-neutral position that shorts BASECAT on Aster and goes long on Gate would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live BASECAT arbitrage board for the price side of the trade.
Settlement intervals differ: BASECAT funding is paid every 1 hour and 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: BASECAT arbitrage · Basecat price · funding rates for all coins.