F funding rate explained
Right now SynFutures (F) perpetual futures trade on 9 exchanges we track. The highest funding is on Binance at +0.030% per day, the lowest on Variational at -0.060%. The average across all venues is +0.020% per day, or about +7.3% a year. Positive funding means F longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.090% per day. A delta-neutral position that shorts F on Binance 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 F arbitrage board for the price side of the trade.
Settlement intervals differ: F funding is paid every 4 hours and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: F arbitrage · SynFutures price · funding rates for all coins.