RLUSD funding rate explained
Right now Ripple USD (RLUSD) perpetual futures trade on 1 exchange we track. The highest funding is on Bybit at -0.077% per day, the lowest on Bybit at -0.077%. The average across all venues is -0.077% per day, or about -28.2% a year. Negative funding means RLUSD shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is 0.000% per day. A delta-neutral position that shorts RLUSD on Bybit and goes long on Bybit would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live RLUSD arbitrage board for the price side of the trade.
Settlement intervals differ: RLUSD 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: RLUSD arbitrage · Ripple USD price · funding rates for all coins.