Per exchange
HL-HIP3 · XYZ:DKNG · Funding rate over time
As of , the funding rate of the XYZ:DKNG perpetual on HL-HIP3 is +0.0268% per 8 hours (+29.3% a year), and the sell side (shorts) receives it. Funding settles every 1 hour; open interest is $401.8K and 24-hour volume $489.9K.
Funding rate now
Receiving side: Sell side. Funding settles every 1 hour.
Per 8 hours +0.0268% · the rate the exchange publishes, stated for a year. Not net carry.
- Open interest
- $401.8K
- 24h volume
- $489.9K
- Basis (spot vs perp)
- -0.02%
- Settlement interval
- every 1 hour
The outlook for funding ahead (dark band = the usual range / pale band = the rare range)
Which side is pushing, the buyers or the sellers (buys that took the offer − sells that hit the bid, accumulated) ⓘ
The line takes the amount that buy orders took actively, subtracts the amount that sell orders took actively, and adds it up from the oldest onwards. Rising means the buyers are pushing, falling means the sellers are. The unit is the quantity of the asset itself.
ⓘ
OI over time (open interest on the perp, USD)
24h volume over time (USD)
The gap between the spot and the perp price over time (as a share of the principal)
Funding over time (converted to an annual rate)
Summary
- Funding rate
ⓘ
This is simply the funding rate the exchange publishes, converted straight to an annual figure. It is not net carry (neither the costs nor the amount set aside in case it turns out worse than expected have been taken out). - ▲ +29.3%/yr (per 8h +0.03%)
- Receiving side
- Sell side
- Basis
ⓘ
The gap between the spot price and the futures price (as a share of the notional). ⚠ marks a gap of 0.25% or more. - -0.02%
- Open interest
ⓘ
The amount still open in that market (open interest). — means the exchange does not publish it, not that the figure is small. The same goes for the 24h volume below. - $401.8K
- 24h volume
- $489.9K
- Funding settlement interval
- every 1 hour
- Price behaviour
- Range-bound
Recent funding settlements (the rate the exchange actually applied)
The funding actually settled on XYZ:DKNG at HL-HIP3 averages -15.3% a year over the last 7 days (168 settlements), and -1.2% a year over the last 30 days (720 settlements).
| Settled at | Per 8 hours | A year |
|---|---|---|
| +0.0050% | +5.5% | |
| -0.0002% | -0.2% | |
| -0.0075% | -8.2% | |
| -0.0043% | -4.7% | |
| -0.0374% | -40.9% | |
| -0.0079% | -8.6% | |
| +0.0300% | +32.8% | |
| +0.0407% | +44.6% | |
| +0.0252% | +27.6% |
Rates the exchange publishes as applied at each settlement, put on an 8-hour footing; the yearly figure is that × 3 × 365 (simple). An average adds up the settled rates and divides by the hours they covered.
Price behaviour
- Behaviour
- Range-bound
- How sure this reading is
- 54%
- Number of 1-minute bars it is based on
- 540
The measures used in the calculation
- How readily the price keeps going
- 0.143
- How readily funding keeps going
- 1.391
- How clear the direction is
- 8.65
- How rough the price is (difference from usual)
- -1.40
- How strong the slope is (difference from usual)
- 0.62
Breakdown of net carry
Receiving side: Sell side · Price behaviour: Range (confidence of the call 54%) · assumes holding for 6 funding payments ⓘ
| Funding expected to be received from here on (this exchange only) | +0.11% |
| Gain or loss from the gap between the spot and the future price (gap when opened -0.01%) | -0.01% |
| Cost of opening | -0.29% |
| Cost of closing | -0.29% |
| Set aside in case it turns out worse than expected | -0.05% |
| = Net carry | -0.52% |
Related pages
The same coin on other exchanges (largest open interest first)
Questions we are asked
How often does HL-HIP3 settle funding on XYZ:DKNG?
Funding on the XYZ:DKNG perpetual at HL-HIP3 settles every 1 hour.
The newest settlement on record is .
When the funding rate is positive, who pays?
When the funding rate is positive the buy side (longs) pays the sell side (shorts); when it is negative the sell side pays the buy side.
On HL-HIP3 XYZ:DKNG it is +0.0268% per 8 hours right now, so the sell side receives it.
How is the yearly figure worked out?
The yearly figure is the rate per 8 hours × 3 a day × 365 days, simple rather than compounded.
An exchange that settles every hour is first put on the same 8-hour footing, so exchanges compare directly. The 7- and 30-day averages add up the rates actually settled in that span, divide by the hours those settlements covered, and state it for a year.
Where can I compare DKNG funding across exchanges?
The rate on each exchange for DKNG is listed on Compare DKNG funding across exchanges.