CHEEMS funding rate explained
Right now Cheems Token (CHEEMS) perpetual futures trade on 6 exchanges we track. The highest funding is on Binance at +0.030% per day, the lowest on Aster at +0.030%. The average across all venues is +0.030% per day, or about +10.9% a year. Positive funding means CHEEMS longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is 0.000% per day. A delta-neutral position that shorts CHEEMS on Binance and goes long on Aster would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live CHEEMS arbitrage board for the price side of the trade.
Settlement intervals differ: CHEEMS funding is paid every 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: CHEEMS arbitrage · Cheems Token price · funding rates for all coins.