NKE funding rate explained
Right now NIKE (Backpack Securities) (NKE) perpetual futures trade on 5 exchanges we track. The highest funding is on OKX at +0.396% per day, the lowest on HTX at 0.000%. The average across all venues is +0.177% per day, or about +64.5% a year. Positive funding means NKE longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.396% per day. A delta-neutral position that shorts NKE on OKX and goes long on HTX would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live NKE arbitrage board for the price side of the trade.
Settlement intervals differ: NKE funding is paid every 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: NKE arbitrage · NIKE (Backpack Securities) price · funding rates for all coins.