dYdX Contract Funding Rate

Description

Funding is calculated algorithmically based on the Index Price and sampled Mid-Market Prices for the perpetual. When the rate is positive (perpetual trades at a premium relative to index), traders who are long will make payments to traders who are short. When the rate is negative (perpetual trades at a discount relative to index), this is reversed and shorts will pay longs. Traders make or receive payments in proportion to the size of their market position. These payments are exchanged solely between traders, and are neither paid nor received by the exchange.

More details on dYdX web-site.

Access

Restricted Access.

Measuring Unit

Ratio

Data Type

Timeseries Data

Frequency

Hourly Intervals

Latency

Funding Rates Latency

Available Assets

Available for these assets

SanAPI

Available under the dydx_perpetual_funding_rate name.

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{
  getMetric(metric: "dydx_perpetual_funding_rate") {
    timeseriesData(
      slug: "bitcoin"
      from: "2021-04-01T00:00:00Z"
      to: "2021-04-07T00:00:00Z"
      interval: "1h"
    ) {
      datetime
      value
    }
  }
}

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