2 min read
Funding rates, side by side
Exchanges pay funding on different schedules, every hour, every 8 hours or continuously. Why the site shows every rate as a rate a year, and what Bitcoin's said on 2 October.
Blog
3 min read
The funding spread trade, worked out live
Long a coin where funding costs least, short it where funding pays most, and the price moves cancel while the difference in funding keeps coming. Each perpetuals page works it out live.
2 min read
What order book depth means for a big order
An exchange's best price is only the first level of its book. A big order goes deeper, and the exchange with the lowest price isn't always the cheapest place to fill it.
4 min read
Why one coin's price differs across exchanges, and when the gap is real
Every exchange is a market of its own, so a coin's price is never quite the same on two of them. Where the gap comes from, and when it's worth acting on.
3 min read
Why we compare prices at the middle of the order book
The last trade is what someone paid a moment ago. The middle of the order book is where the market is now, so it's the price the site compares.