SNT funding rate explained
Right now Status (SNT) perpetual futures trade on 3 exchanges we track. The highest funding is on Variational at +0.030% per day, the lowest on MEXC at -0.137%. The average across all venues is -0.079% per day, or about -28.7% a year. Negative funding means SNT shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.167% per day. A delta-neutral position that shorts SNT on Variational and goes long on MEXC would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live SNT arbitrage board for the price side of the trade.
Settlement intervals differ: SNT 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: SNT arbitrage · Status price · funding rates for all coins.