perpetuals
3 articles on perpetuals.
funding-rates · perpetuals · data-study
The Funding Rate Almanac: What Five Years of Perp Carry Actually PaidWe took every settlement-level funding print in our market database — 80,000 of them across Binance, Hyperliquid, and KuCoin since 2019 — and measured what collecting perp funding actually paid. The answer: a real but violently regime-dependent yield, and a persistent cross-venue gap that most carry traders are leaving on the table.
The Fluxy Team ·
funding-rates · perpetuals · crypto
Funding Rates: The Crypto-Native Yield Hiding in Plain SightEvery few hours, enormous sums change hands between longs and shorts on crypto perpetual futures. That flow is called funding, and it's one of the most distinctive sources of return in all of crypto — a yield with no equivalent in traditional markets. Here's what funding is, why it exists, and why a fund that ignores it is leaving a whole asset class of strategy on the table.
The Fluxy Team ·
backtesting · funding · perpetuals
Funding Carry Is a First-Class Citizen: Backtesting Perp Basis Without HacksIf your backtester ignores funding, every carry, basis, and delta-neutral strategy you test is a fiction. Our engine charges funding at each venue's real settlement times, on live mark notional — so a Binance 8h feed and a Hyperliquid 1h feed are both charged correctly in the same study.
The Fluxy Team ·