LUNA2 funding rate explained
Right now LUNA2 perpetual futures trade on 4 exchanges we track. The highest funding is on Variational at +0.161% per day, the lowest on Bybit at +0.030%. The average across all venues is +0.081% per day, or about +29.6% a year. Positive funding means LUNA2 longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.131% per day. A delta-neutral position that shorts LUNA2 on Variational 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 LUNA2 arbitrage board for the price side of the trade.
Settlement intervals differ: LUNA2 funding is paid every 4 hours 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: LUNA2 arbitrage · funding rates for all coins.