DRV funding rate explained
Right now Derive (DRV) perpetual futures trade on 1 exchange we track. The highest funding is on Aster at -0.181% per day, the lowest on Aster at -0.181%. The average across all venues is -0.181% per day, or about -66.1% a year. Negative funding means DRV shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is 0.000% per day. A delta-neutral position that shorts DRV on Aster 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 DRV arbitrage board for the price side of the trade.
Settlement intervals differ: DRV funding is paid every 1 hour depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: DRV arbitrage · Derive price · funding rates for all coins.