SKHY funding rate explained
Right now SK Hynix (Backpack Securities) (SKHY) perpetual futures trade on 9 exchanges we track. The highest funding is on Binance at 0.000% per day, the lowest on Bitget at -0.061%. The average across all venues is -0.007% per day, or about -2.5% a year. Negative funding means SKHY shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.061% per day. A delta-neutral position that shorts SKHY on Binance and goes long on Bitget would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live SKHY arbitrage board for the price side of the trade.
Settlement intervals differ: SKHY 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: SKHY arbitrage · SK Hynix (Backpack Securities) price · funding rates for all coins.