IBIT funding rate explained
Right now iShares Bitcoin Trust ETF (Dinari Tokenized ETF) (IBIT) perpetual futures trade on 4 exchanges we track. The highest funding is on Bitget at 0.000% per day, the lowest on Bybit at -0.044%. The average across all venues is -0.011% per day, or about -4.1% a year. Negative funding means IBIT shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.044% per day. A delta-neutral position that shorts IBIT on Bitget and goes long on Bybit would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live IBIT arbitrage board for the price side of the trade.
Settlement intervals differ: IBIT 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: IBIT arbitrage · iShares Bitcoin Trust ETF (Dinari Tokenized ETF) price · funding rates for all coins.