Prices, Indexes and Funding

Annualized Funding Rate

An annualized funding rate expresses a periodic perpetual futures funding rate as an estimated annual rate. It makes funding levels with different...

Basis

Basis is the difference between the price of a derivative contract and the price of its underlying or reference market. The exact convention used t...

Funding Arbitrage

Funding arbitrage is a strategy that attempts to capture funding payments while reducing some of the directional price exposure of a perpetual futu...

Funding Interval

The funding interval is the period between scheduled funding events in a perpetual futures market. The interval varies by exchange and contract.

Funding Payment

A funding payment is the amount transferred between eligible long and short perpetual futures positions at a funding event. It is calculated using...

Funding Rate

The funding rate is a periodic rate used to calculate funding payments between traders in many perpetual futures markets. Funding is one of the mec...

Funding Timestamp

A funding timestamp is the scheduled time at which a perpetual futures platform applies or settles a funding payment for eligible open positions.

Futures Basis

Futures basis is the difference between the price of a futures contract and the relevant spot or underlying reference price. For dated futures, thi...

Index Price

An index price is a reference price designed to represent the broader market value of an underlying asset. For crypto perpetual futures, it is comm...

Last Price

The last price is the price at which the most recent trade in a market was executed. It changes whenever a new trade occurs.

Mark Price

The mark price is a reference price used by many perpetual futures platforms to calculate unrealized profit and loss and determine whether position...

Negative Funding

Negative funding describes a funding rate below zero. In the common perpetual futures model, traders holding short positions pay traders holding lo...

Oracle Price

An oracle price is market price data supplied to a blockchain based application or trading protocol by an oracle system. It allows smart contracts...

Perpetual Price

The perpetual price is the market price at which a perpetual futures contract is trading. It is determined by buyers and sellers in the perpetual m...

Positive Funding

Positive funding describes a funding rate above zero. In the common perpetual futures model, traders holding long positions pay traders holding sho...

Predicted Funding Rate

A predicted funding rate is an estimate of the funding rate expected to apply at an upcoming funding event. It can change before the funding timest...

Premium Index

A premium index is a measure used by some perpetual futures platforms to help determine how far the perpetual contract is trading above or below it...

Spot Index

A spot index is a reference price constructed from prices in underlying spot markets. Depending on the platform, it may combine data from several e...

Spot Price

The spot price is the current market price of an asset for transactions in the spot market. It represents the price of the underlying asset itself...