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Guides to reading perp-DEX market data: funding rates and their intervals, books at your size, open interest, persistence. Every article is built on measurements from the live product — dated, sourced, and labeled honestly when a number can't be measured.
Perpetual futures funding rate: how it actually works
The mechanism behind perpetual markets: who pays whom, why 1h and 8h prints cannot be compared directly, and what an annualized rate really says.
July 12, 2026 · measured data, dated
Funding rate arbitrage risks: 6 ways the spread fails
The price hedge is only one layer. See how sign flips, thin books, mismatched intervals, venue health and timing can erase a funding spread.
July 12, 2026 · measured data, dated
Negative funding rate meaning: who pays whom in perps
Negative funding reverses the payment direction, but it is not a price forecast. Read the sign, interval, persistence and liquidity together.
July 12, 2026 · measured data, dated
Perp funding rate APY: why 222% isn't what you earn
One funding print, annualized: a 222% projection that lost 27 points in seven minutes, a rate that flipped sign 14 times in a day, and the boring 6.6% row where every layer held.
July 10, 2026 · measured data, dated