LINK funding rate explained
Right now Chainlink (LINK) perpetual futures trade on 10 exchanges we track. The highest funding is on KuCoin at +0.030% per day, the lowest on Binance at -0.017%. The average across all venues is +0.010% per day, or about +3.6% a year. Positive funding means LINK longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.047% per day. A delta-neutral position that shorts LINK on KuCoin and goes long on Binance would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live LINK arbitrage board for the price side of the trade.
Settlement intervals differ: LINK funding is paid every 1 hour and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: LINK arbitrage · Chainlink price · funding rates for all coins.