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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.

High funding APY on perp DEXes: why it's not 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