BNC funding rate explained
Right now Bifrost (BNC) perpetual futures trade on 6 exchanges we track. The highest funding is on Binance at 0.000% per day, the lowest on Bitget at -0.049%. The average across all venues is -0.008% per day, or about -3.0% a year. Negative funding means BNC shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.049% per day. A delta-neutral position that shorts BNC on Binance and goes long on Bitget would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live BNC arbitrage board for the price side of the trade.
Settlement intervals differ: BNC 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: BNC arbitrage · Bifrost price · funding rates for all coins.