LUNC funding rate explained
Right now Terra Luna Classic (LUNC) perpetual futures trade on 8 exchanges we track. The highest funding is on Binance at +0.030% per day, the lowest on MEXC at -0.322%. The average across all venues is -0.015% per day, or about -5.4% a year. Negative funding means LUNC shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.352% per day. A delta-neutral position that shorts LUNC on Binance and goes long on MEXC would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live LUNC arbitrage board for the price side of the trade.
Settlement intervals differ: LUNC 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: LUNC arbitrage · Terra Luna Classic price · funding rates for all coins.