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Data / Perpetual funding rate / 2021
What traders holding long perpetual futures paid those holding shorts, annualised, since 2019.
Perpetual funding rate, annualised opened 2021 at 40.2% (January 1, 2021) and closed at 9.3% (December 31, 2021), down 76.9%. The high was 85.2% on January 12, 2021 and the low -20.6% on May 23, 2021.
| Month | Month end |
|---|---|
| January 2021 | 12.0% |
| February 2021 | 26.6% |
| March 2021 | 37.0% |
| April 2021 | 2.0% |
| May 2021 | 6.7% |
| June 2021 | -6.1% |
| July 2021 | 6.1% |
| August 2021 | 5.1% |
| September 2021 | -0.2% |
| October 2021 | 23.1% |
| November 2021 | 0.6% |
| December 2021 | 9.3% |
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 · 2020 · 2019
Also in 2021: 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