IDOL funding rate explained
Right now MEET48 (IDOL) perpetual futures trade on 7 exchanges we track. The highest funding is on Binance at +0.030% per day, the lowest on Variational at +0.030%. The average across all venues is +0.030% per day, or about +10.9% a year. Positive funding means IDOL longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.000% per day. A delta-neutral position that shorts IDOL on Binance and goes long on Variational would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live IDOL arbitrage board for the price side of the trade.
Settlement intervals differ: IDOL funding is paid every 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: IDOL arbitrage · MEET48 price · funding rates for all coins.