STEEM funding rate explained
Right now Steem (STEEM) perpetual futures trade on 9 exchanges we track. The highest funding is on Bitget at +0.030% per day, the lowest on Bybit at -0.368%. The average across all venues is -0.072% per day, or about -26.3% a year. Negative funding means STEEM shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.398% per day. A delta-neutral position that shorts STEEM on Bitget 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 STEEM arbitrage board for the price side of the trade.
Settlement intervals differ: STEEM funding is paid every 4 hours and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: STEEM arbitrage · Steem price · funding rates for all coins.