ORBIO funding rate explained
Right now Orbio.so (ORBIO) perpetual futures trade on 2 exchanges we track. The highest funding is on MEXC at +0.088% per day, the lowest on Gate at -3.602%. The average across all venues is -1.757% per day, or about -641.3% a year. Negative funding means ORBIO shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +3.691% per day. A delta-neutral position that shorts ORBIO on MEXC 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 ORBIO arbitrage board for the price side of the trade.
Settlement intervals differ: ORBIO 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: ORBIO arbitrage · Orbio.so price · funding rates for all coins.