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Funding, open interest, liquidations and basis: how perpetuals work, and how to compare them across exchanges.
4 min readFutures & optionsPerpetuals
A dated future trades above or below its coin's index until it expires. How to read its premium as a rate a year, why it's mostly above zero, and how it compares with funding.
4 min readPerpetuals
Most exchanges' funding on a coin sits close together. When one exchange's rate stands far apart, it's a signal, and sometimes a trade. How to find them.
3 min readPerpetualsSpot
The basis is how far a perpetual trades above or below the same coin's spot price. Why it moves with funding, and how to read it exchange by exchange.
4 min readPerpetuals
Where traders hold their positions, and where holding one costs least. How to compare perpetual futures exchanges on open interest, volume and funding.
4 min readPerpetuals
A funding rate is one moment. Its history shows whether it's steady, building or about to flip. How to read 7 and 30 days of payments, exchange by exchange.
5 min readPerpetuals
A funding rate means more beside its own 7-day average. A big gap marks a spike or a drop: how to read it, and where to see it for every exchange.
4 min readPerpetuals
A liquidation is a leveraged position closed by force. What long and short liquidations mean, why they come in waves, and how to watch them live.
5 min readPerpetuals
When a perpetual's funding rate turns negative, shorts pay longs. What pushes it below zero, what it pays and costs, and how to find it on every exchange.
4 min readPerpetuals
A short squeeze is shorts forced to buy into a rising price. Its four signs, from the price to funding, and where to watch each one live on a coin's page.
5 min readPerpetuals
A funding rate is a percentage; funding flow is the money. Multiply open interest by the rate and you get what longs pay shorts every hour, in dollars.
4 min readPerpetuals
Open interest in dollars rises whenever the price does, even when no new positions open. What open interest measures, and why the site charts it in coins.
3 min readPerpetuals
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.
3 min readPerpetuals
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.