US funding rate explained
Right now Talus (US) perpetual futures trade on 8 exchanges we track. The highest funding is on Bybit at +0.030% per day, the lowest on KuCoin at -0.414%. The average across all venues is -0.211% per day, or about -77.2% a year. Negative funding means US shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.444% per day. A delta-neutral position that shorts US on Bybit and goes long on KuCoin would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live US arbitrage board for the price side of the trade.
Settlement intervals differ: US 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: US arbitrage · Talus price · funding rates for all coins.