STABLE funding rate explained
Right now Stable (STABLE) perpetual futures trade on 10 exchanges we track. The highest funding is on Bybit at +0.335% per day, the lowest on Hyperliquid at +0.030%. The average across all venues is +0.095% per day, or about +34.7% a year. Positive funding means STABLE longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.305% per day. A delta-neutral position that shorts STABLE on Bybit and goes long on Hyperliquid would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live STABLE arbitrage board for the price side of the trade.
Settlement intervals differ: STABLE funding is paid every 1 hour and 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: STABLE arbitrage · Stable price · funding rates for all coins.