BONER funding rate explained
Right now Boner Coin (BONER) perpetual futures trade on 3 exchanges we track. The highest funding is on MEXC at +0.087% per day, the lowest on Gate at -0.434%. The average across all venues is -0.106% per day, or about -38.6% a year. Negative funding means BONER shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.521% per day. A delta-neutral position that shorts BONER on MEXC 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 BONER arbitrage board for the price side of the trade.
Settlement intervals differ: BONER 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: BONER arbitrage · Boner Coin price · funding rates for all coins.