HOOD funding rate explained
Right now GreenHood (HOOD) perpetual futures trade on 8 exchanges we track. The highest funding is on Gate at +0.233% per day, the lowest on KuCoin at 0.000%. The average across all venues is +0.089% per day, or about +32.6% a year. Positive funding means HOOD longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.233% per day. A delta-neutral position that shorts HOOD on Gate 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 HOOD arbitrage board for the price side of the trade.
Settlement intervals differ: HOOD 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: HOOD arbitrage · GreenHood price · funding rates for all coins.