PROS funding rate explained
Right now Pharos (PROS) perpetual futures trade on 5 exchanges we track. The highest funding is on Aster at +0.159% per day, the lowest on KuCoin at +0.030%. The average across all venues is +0.056% per day, or about +20.4% a year. Positive funding means PROS longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.129% per day. A delta-neutral position that shorts PROS on Aster and goes long on KuCoin would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live PROS arbitrage board for the price side of the trade.
Settlement intervals differ: PROS 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: PROS arbitrage · Pharos price · funding rates for all coins.