ISRG funding rate explained
Right now ISRG perpetual futures trade on 5 exchanges we track. The highest funding is on HTX at +0.030% per day, the lowest on OKX at 0.000%. The average across all venues is +0.006% per day, or about +2.2% a year. Positive funding means ISRG longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.030% per day. A delta-neutral position that shorts ISRG on HTX and goes long on OKX would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live ISRG arbitrage board for the price side of the trade.
Settlement intervals differ: ISRG 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: ISRG arbitrage · funding rates for all coins.