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Funding and Basis

What a perpetual position costs to hold, in money per day and as a rate per year, and what the gap between the perpetual and spot is really worth.
Your data stays in this tabGives you Funding per day, Annualised rate, Carry net of fees, TXT
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Notes

A venue quotes the rate per interval, which reads like nothing. The annualised figure is the one that decides whether a position survives being held.
The rate resets every interval and can change sign, so every figure here assumes today stays today.

Use it forAnyone holding a perpetual for more than a day, or pricing a cash and carry against the fees it costs to open and close.

Good to knowA venue quotes 0.01 percent every eight hours. That is 10.95 percent a year, and it is the number that decides whether the trade survives being held. Nowhere shows you the annualised figure beside the basis.

  • Funding rate
  • Basis
  • Cash and carry
  • Perpetuals
  • Offline

Where your data goesNowhere. The work happens in this tab.