Ripple USD Futures Funding Rate
Track Ripple USD perpetual futures funding rate across 1 perp venue.
What is Funding Rate for Ripple USD?
The Ripple USD funding rate is the periodic payment between long and short holders of RLUSD perpetual futures. It keeps the perpetual price close to the spot price, because perpetuals have no expiry date to converge on.
Venues settle funding on different schedules (anywhere from every hour to every 24 hours, depending on the exchange and market), so Sharpe annualizes each venue's RLUSD rate from its own interval before comparing 1 perp venue.
How to read the Ripple USD Funding Rate chart
A positive Ripple USD funding rate means longs pay shorts, which happens when perpetuals trade above spot and demand for leveraged longs is high. A negative rate means shorts pay longs.
Persistently high positive funding points to crowded RLUSD longs and makes holding them expensive; deeply negative funding points to crowded shorts and squeeze risk.
Gaps between venues are a carry opportunity: a trader can be long RLUSD where funding is lowest and short where it is highest, collecting the difference while staying market-neutral.
Latest Ripple USD Funding Rate snapshot
| Exchange | Contract | Funding Rate | Interval | Annualized APR |
|---|---|---|---|---|
| Bybit | RLUSDUSDT | −0.0345% | 4h | −75.46% |
Data last updated
Ripple USD Funding Rate FAQ
Who pays the Ripple USD funding rate?
When the RLUSD funding rate is positive, long holders pay short holders. When it is negative, shorts pay longs. Only traders holding a position at the funding timestamp pay or receive it.
Why is Ripple USD funding shown as an annualized rate?
A per-period rate is not comparable across venues that settle every hour and venues that settle every 8 or 24 hours. Annualizing each venue's RLUSD rate from its own interval puts them on one scale.
Where can I compare Ripple USD funding rates exchange by exchange?
The Ripple USD funding rates page lists the current RLUSD rate, interval and annualized APR on every tracked exchange, next to the history chart here.
Annualized funding rate by exchange