CL funding rate explained
Right now CL perpetual futures trade on 8 exchanges we track. The highest funding is on Bybit at 0.000% per day, the lowest on Bitget at -0.056%. The average across all venues is -0.018% per day, or about -6.6% a year. Negative funding means CL shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.056% per day. A delta-neutral position that shorts CL on Bybit and goes long on Bitget would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live CL arbitrage board for the price side of the trade.
Settlement intervals differ: CL 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: CL arbitrage · funding rates for all coins.