GTC funding rate explained
Right now Gitcoin (GTC) perpetual futures trade on 3 exchanges we track. The highest funding is on Aster at -0.659% per day, the lowest on KuCoin at -1.134%. The average across all venues is -0.830% per day, or about -303.0% a year. Negative funding means GTC shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.475% per day. A delta-neutral position that shorts GTC on Aster and goes long on KuCoin would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live GTC arbitrage board for the price side of the trade.
Settlement intervals differ: GTC 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: GTC arbitrage · Gitcoin price · funding rates for all coins.