Why can a perpetual's funding rate be exactly the same for several periods in a row?
$DOGE In the last six periods, the perpetual's funding rate was exactly 0.010000% in four of them; the other two were 0.005801% and 0.006490%. The estimated rate for this period is 0.008738% (data retrieved at 2026-10-29 11:14Z). Those four periods landed precisely on the 0.01% base rate.
The funding rate consists of a premium index plus a clamp component, whose reference value is a fixed 0.01% per 8 hours. Repeatedly landing on 0.01% indicates that the perpetual's premium relative to the spot index is being clamped near the reference value: at this moment, the mark price is 0.07867 and the index price is 0.07868195, a difference of −0.0152%.
These figures show how closely the two prices are aligned, but they don't tell us which way the market is headed. Annualizing 0.01% × 3 × 365 gives approximately 10.95%; that's just an example of the conversion.
#Dogecoin #Crypto $DOGE
DYOR; these are just my personal observations.
$DOGE In the last six periods, the perpetual's funding rate was exactly 0.010000% in four of them; the other two were 0.005801% and 0.006490%. The estimated rate for this period is 0.008738% (data retrieved at 2026-10-29 11:14Z). Those four periods landed precisely on the 0.01% base rate.
The funding rate consists of a premium index plus a clamp component, whose reference value is a fixed 0.01% per 8 hours. Repeatedly landing on 0.01% indicates that the perpetual's premium relative to the spot index is being clamped near the reference value: at this moment, the mark price is 0.07867 and the index price is 0.07868195, a difference of −0.0152%.
These figures show how closely the two prices are aligned, but they don't tell us which way the market is headed. Annualizing 0.01% × 3 × 365 gives approximately 10.95%; that's just an example of the conversion.
#Dogecoin #Crypto $DOGE
DYOR; these are just my personal observations.