SYN funding rate explained
Right now Synapse (SYN) perpetual futures trade on 4 exchanges we track. The highest funding is on Aster at +0.097% per day, the lowest on MEXC at +0.030%. The average across all venues is +0.047% per day, or about +17.1% a year. Positive funding means SYN longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.067% per day. A delta-neutral position that shorts SYN on Aster 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 SYN arbitrage board for the price side of the trade.
Settlement intervals differ: SYN 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: SYN arbitrage · Synapse price · funding rates for all coins.