Understanding Funding Rates on Hyperliquid Perpetuals: Profiting from Basis Trading
A trader holds a long position in Bitcoin perpetual futures but wants to earn steady income without betting on directional price movement. The perpetual contract price sits at $42,500 while the spot price is $42,200, creating a 0.07% daily funding rate that shorts must pay longs. Over 365 days, that translates to 25.5% annual yield […]
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