HOOD

Funding pays, the price is against you. edgeX is 0.064% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.010%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 4 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.057% in total (about -5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.