NEAR funding rate explained
Right now NEAR Protocol (NEAR) perpetual futures trade on 11 exchanges we track. The highest funding is on Binance at +0.030% per day, the lowest on Variational at +0.030%. The average across all venues is +0.030% per day, or about +11.0% a year. Positive funding means NEAR 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 NEAR on Binance and goes long on Variational would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live NEAR arbitrage board for the price side of the trade.
Settlement intervals differ: NEAR 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: NEAR arbitrage · NEAR Protocol price · funding rates for all coins.