CYPH funding rate explained
Right now Cypherpunk Technologies (Backpack Securities) (CYPH) perpetual futures trade on 7 exchanges we track. The highest funding is on Binance at 0.000% per day, the lowest on HTX at 0.000%. The average across all venues is 0.000% per day, or about 0.0% a year.
The gap between the highest and lowest venue is 0.000% per day. A delta-neutral position that shorts CYPH on Binance and goes long on HTX would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live CYPH arbitrage board for the price side of the trade.
Settlement intervals differ: CYPH funding is paid every 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: CYPH arbitrage · Cypherpunk Technologies (Backpack Securities) price · funding rates for all coins.