SPOT funding rate explained
Right now SPOT perpetual futures trade on 2 exchanges we track. The highest funding is on Bybit at 0.000% per day, the lowest on Gate at 0.000%. The average across all venues is 0.000% per day, or about 0.0% a year.
The gap between the highest and lowest venue is 0.000% per day. A delta-neutral position that shorts SPOT on Bybit 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 SPOT arbitrage board for the price side of the trade.
Settlement intervals differ: SPOT 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: SPOT arbitrage · SPOT price · funding rates for all coins.