Before looking at fund flows, get the basics straight. This time, let’s talk about perpetual and delivery contracts.
Delivery contracts don’t have funding fees. The difference between the contract price and the spot price is called the basis, which generally approaches zero as expiration gets closer.
If you hold a perpetual contract long term, factor accumulated funding fees into your costs—don’t just look at the entry price.
For a real-time reference: $BTC is quoted at 81527.14, down 0.99% over 24 hours.