TLT funding rate explained
Right now iShares 20 Year Treasury Bond ETF (Dinari Tokenized ETF) (TLT) perpetual futures trade on 4 exchanges we track. The highest funding is on Bybit at +0.250% per day, the lowest on HTX at 0.000%. The average across all venues is +0.125% per day, or about +45.6% a year. Positive funding means TLT longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.250% per day. A delta-neutral position that shorts TLT on Bybit and goes long on HTX would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live TLT arbitrage board for the price side of the trade.
Settlement intervals differ: TLT 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: TLT arbitrage · iShares 20 Year Treasury Bond ETF (Dinari Tokenized ETF) price · funding rates for all coins.