中文版本： 資金費率介紹
<aside> 🏄 Funding Rate can be used to rate-difference arbitrage or capture extreme rate trading opportunities‼️ Risk warning: any data/indicator has its advantages, disadvantages, and limitations. Please make sure to understand them carefully, crypto trading contains substantial risk and is not for every investor. DYOR.
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Funding Rate Overview
**Funding Rate** (FR) is a mechanism used in perpetual futures markets across major crypto exchanges to maintain the price of a perpetual futures in line with the spot price of the asset. It is commonly used as a sentiment indicator to gauge the balance between longs and shorts.
When the funding rate is positive, it indicates that more traders are taking long positions, and thus, long traders pay a funding fee to short traders. Conversely, a negative funding rate means that shorts dominate, and short traders must pay the funding fee to longs.
Funding rates are typically settled at fixed intervals—commonly every 8 hours or hourly depending on the exchange. During settlement, either long or short holders will pay or receive the funding fee based on the prevailing market condition.
In real trading, funding rates are primarily used for arbitrage or identifying opportunities from extreme or abnormal funding situations.
Arbitrage opportunities arise when the funding rates differ across exchanges. If the difference is greater than the cost of arbitrage, traders can open opposite positions on two exchanges right before the funding is paid to capture the profit from the funding differential.
You can also look for extreme funding conditions as potential contrarian trade setups. A very high positive funding rate usually signals an overly optimistic market with excessive long positions. Conversely, a highly negative rate suggests panic or over-leveraged shorts. These extremes often lead to liquidation, profit-taking, or a counter-force entering the market to collect funding payments—possibly resulting in a price reversal.
🙋🏻♂️ Here is an example:
Funding Rate Overview
For example, the token BROCCOLI showed a significant funding rate difference of 0.2738% between Binance (0.3376%) and Bitget (0.0639%). If ignoring trading costs, a trader who opens a short on Binance and a long on Bitget would earn the 0.2738% differential. If trading with 10,000 USDT, the gross profit would be 27.38 USDT.
However, transaction costs must be accounted for. Assuming Binance Taker fee is 0.05% and Bitget is 0.06%, the total cost would be about 22 USDT, leaving a net profit of 5.38 USDT (~0.0538%).
Funding Rate Overview
WAL 15m