Monitor funding rate updates for perpetual futures.
š
| Parameter | Required | Description |
|---|
instrument_name | Yes | Perpetual instrument name (e.g., "BTC_USDC-PERPETUAL") |
{
"channel": "funding",
"query": {
"instrument_name": "BTC_USDC-PERPETUAL"
}
}
{
"kind": "event",
"type": "funding",
"timestamp_ms": 1677721600000,
"data": {
"instrument_name": "BTC_USDC-PERPETUAL",
"timestamp": 1677721600000,
"spot_price": 45000.5,
"perp_price": 45010.0,
"funding_rate": 0.0001
},
"subscription": {
"channel": "funding",
"query": {
"instrument_name": "BTC_USDC-PERPETUAL"
}
}
}
| Field | Type | Description |
|---|
instrument_name | string | Perpetual instrument |
timestamp | number | Funding rate timestamp in milliseconds |
spot_price | number | Current spot (index) price |
perp_price | number | Current perpetual price |
funding_rate | number | Current funding rate |
| Channel | Why |
|---|
| Index Price | spot_price in funding events is a snapshot. Subscribe to index price for the live underlying. |
| Position | current_funding_rate on perps positions. Funding accrues continuously and affects carry cost. |
| Orderbook Perps | Perp order flow drives the basis that determines funding. |
