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Data / Perpetual funding rate / 2020
What traders holding long perpetual futures paid those holding shorts, annualised, since 2019.
Perpetual funding rate, annualised opened 2020 at 6.2% (January 1, 2020) and closed at 44.6% (December 31, 2020), up 618.1%. The high was 63.9% on February 14, 2020 and the low -141.9% on March 18, 2020.
| Month | Month end |
|---|---|
| January 2020 | 34.2% |
| February 2020 | 31.0% |
| March 2020 | -13.8% |
| April 2020 | -0.5% |
| May 2020 | -1.4% |
| June 2020 | -0.1% |
| July 2020 | 45.5% |
| August 2020 | 9.6% |
| September 2020 | 2.6% |
| October 2020 | 4.6% |
| November 2020 | 36.7% |
| December 2020 | 44.6% |
A perpetual future has no expiry, so it is held to the spot price by a payment between longs and shorts every eight hours. When the rate is positive, longs pay shorts: the market is leaning long and paying for it. Negative means shorts are paying longs to stay short.
Other years: 2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2019
Also in 2020: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Bitmain releases and the bitcoin price · Break-even electricity price