Aggregated Futures Funding Rate
Definition
The average funding rate weighted by open interest from futures markets converted to a specified time period.
Funding rate, aggregated, futures, USD-margined, 8 hours
Dimensionless
1 hour
Funding rate, aggregated, futures, USD-margined, 1 day
Dimensionless
1 hour
Funding rate, aggregated, futures, USD-margined, 30 days
Dimensionless
1 hour
Funding rate, aggregated, futures, USD-margined, 1 year
Dimensionless
1 hour
Funding rate, aggregated, futures, coin-margined, 8 hours
Dimensionless
1 hour
Funding rate, aggregated, futures, coin-margined, 1 day
Dimensionless
1 hour
Funding rate, aggregated, futures, coin-margined, 30 days
Dimensionless
1 hour
Funding rate, aggregated, futures, coin-margined, 1 year
Dimensionless
1 hour
Funding rate, aggregated, futures, all-margined, 8 hours
Dimensionless
1 hour
Funding rate, aggregated, futures, all-margined, 1 day
Dimensionless
1 hour
Funding rate, aggregated, futures, all-margined, 30 days
Dimensionless
1 hour
Funding rate, aggregated, futures, all-margined, 1 year
Dimensionless
1 hour
Details
The futures_aggregate_funding_rate_usd_margin_*
metrics represent the average funding rate weighted by open interest from perpetual futures markets where the margin asset is U.S. dollars or stablecoins converted to a specified time period.
The futures_aggregate_funding_rate_coin_margin_*
metrics represent the average funding rate weighted by open interest from perpetual futures markets where the margin asset is equivalent to the underlying base asset converted to a specified period.
The futures_aggregate_funding_rate_all_margin_*
metrics represent the average funding rate weighted by open interest from all perpetual futures markets, regardless of the margin asset, converted to a specified time period.
These metrics have a publication frequency of once per hour and represent the average funding rate converted to 8 hour, 1 day, 30 day, and 1 year time periods.
Most, but not all, exchanges pay out the funding rate every 8 hours. Thus, standardizing the funding rate period is a step needed for each of the calculation of the funding rate metrics. For a funding rate with an period , expressed in hours, the 8-hour funding rate is calculated as follows:
For a list of markets , where each market has funding rate and open interest converted to U.S. dollars, the aggregate funding rate is calculated as:
API Endpoints
Aggregate Futures Funding Rates can be accessed using the timeseries/asset-metrics
and timeseries/exchange-asset-metrics
endpoints by passing in futures_aggregate_funding_rate_usd_margin_*
to the metrics
parameter.
curl --compressed "https://api.coinmetrics.io/v4/timeseries/asset-metrics?assets=btc&metrics=futures_aggregate_funding_rate_usd_margin_8h_period&limit_per_asset=1&api_key=<your_key>"
curl --compressed "https://api.coinmetrics.io/v4/timeseries/exchange-asset-metrics?exchange_assets=binance-btc&metrics=futures_aggregate_funding_rate_usd_margin_8h_period&limit_per_exchange_asset=1&api_key=<your_key>"
Example
{
"data" : [ {
"asset" : "btc",
"time" : "2023-09-19T19:00:00.000000000Z",
"futures_aggregate_funding_rate_all_margin_8h_period](https://coverage.coinmetrics.io/search-results?query=)" : "0.0000301358130541726"
}, {
"asset" : "btc",
"time" : "2023-09-19T20:00:00.000000000Z",
"futures_aggregate_funding_rate_all_margin_8h_period](https://coverage.coinmetrics.io/search-results?query=)" : "0.0000305589276681095"
}, {
"asset" : "btc",
"time" : "2023-09-19T21:00:00.000000000Z",
"futures_aggregate_funding_rate_all_margin_8h_period](https://coverage.coinmetrics.io/search-results?query=)" : "0.0000327674045704149"
}, {
"asset" : "btc",
"time" : "2023-09-19T22:00:00.000000000Z",
"futures_aggregate_funding_rate_all_margin_8h_period](https://coverage.coinmetrics.io/search-results?query=)" : "0.0000328893535861447"
}, {
"asset" : "btc",
"time" : "2023-09-19T23:00:00.000000000Z",
"futures_aggregate_funding_rate_all_margin_8h_period](https://coverage.coinmetrics.io/search-results?query=)" : "0.0000328738735624742"
} ]
}
asset
: The id of the asset.\time
: The exchange-reported time in ISO 8601 date-time format. Always with nanoseconds precision.\futures_aggregate_funding_rate_all_margin_8h_period
: The weighted-average funding rate.
Release History
Released on September 19, 2023
Availability for Assets
Last updated
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