MONITOR funding rate explained
Right now Monitoring the Situation (MONITOR) perpetual futures trade on 1 exchange we track. The highest funding is on Gate at +0.030% per day, the lowest on Gate at +0.030%. The average across all venues is +0.030% per day, or about +10.9% a year. Positive funding means MONITOR 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 MONITOR on Gate and goes long on Gate would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live MONITOR arbitrage board for the price side of the trade.
Settlement intervals differ: MONITOR 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: MONITOR arbitrage · Monitoring the Situation price · funding rates for all coins.