NGAS funding rate explained
Right now NGAS perpetual futures trade on 1 exchange we track. The highest funding is on MEXC at +1.961% per day, the lowest on MEXC at +1.961%. The average across all venues is +1.961% per day, or about +715.7% a year. Positive funding means NGAS 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 NGAS on MEXC 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 NGAS arbitrage page for the price side of the trade.
Settlement intervals differ: NGAS funding is paid every 1 hour depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: NGAS arbitrage · funding rates for all coins.