Understanding BitMEX Historical Funding Rate for ETH: A Detailed Insight
BitMEX, a leading cryptocurrency derivatives trading platform, offers a variety of financial instruments, including perpetual contracts. One of the key aspects of these contracts is the funding rate, which is crucial for traders to understand. In this article, we will delve into the historical funding rate for ETH on BitMEX, providing you with a comprehensive understanding of this metric.
What is the Funding Rate?
The funding rate is a mechanism used to keep perpetual contracts in line with the spot price of the underlying asset. It represents the interest rate that traders pay or receive when taking a position on a perpetual contract. The funding rate is calculated based on the difference between the mark price and the last traded price of the perpetual contract.
Historical Funding Rate for ETH on BitMEX
BitMEX has been operating since 2014, and during this time, the funding rate for ETH has fluctuated significantly. To provide you with a better understanding, we have compiled a table showcasing the historical funding rate for ETH on BitMEX from January 2018 to December 2020.
