XNY funding rate explained
Right now Codatta (XNY) perpetual futures trade on 7 exchanges we track. The highest funding is on Bybit at +0.030% per day, the lowest on Variational at +0.030%. The average across all venues is +0.030% per day, or about +11.0% a year. Positive funding means XNY longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.000% per day. A delta-neutral position that shorts XNY on Bybit and goes long on Variational would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live XNY arbitrage board for the price side of the trade.
Settlement intervals differ: XNY 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: XNY arbitrage · Codatta price · funding rates for all coins.