The funding rates for 242 perpetual contracts are identical to five decimal places: 0.0000125.
That’s no coincidence. Annualized, that’s +10.95%—exactly the same every hour, not a bit more or less.
What’s really worth noting is that 125 of those 242 are trading at a discount—the perpetual price is below its index.
In theory, they should have a negative funding rate, but they’re still giving you a positive one.
So is this free money? I tested that against the 115 contracts with the steepest discounts across the market: only 3 are still pinned at this rate; the other 112 have all broken through.
So it’s not a hard floor, but a dead zone: no adjustment when the discount is shallow, but it gives way when the discount gets deep.
That’s no coincidence. Annualized, that’s +10.95%—exactly the same every hour, not a bit more or less.
What’s really worth noting is that 125 of those 242 are trading at a discount—the perpetual price is below its index.
In theory, they should have a negative funding rate, but they’re still giving you a positive one.
So is this free money? I tested that against the 115 contracts with the steepest discounts across the market: only 3 are still pinned at this rate; the other 112 have all broken through.
So it’s not a hard floor, but a dead zone: no adjustment when the discount is shallow, but it gives way when the discount gets deep.
