Bitcoin Funding Rates Jump to 100%, Sparking Opportunity for Savvy Traders

Davidrusel1827 Feb, 2024Business

Funding rates are an essential aspect of perpetual futures contracts, acting as a mechanism to ensure the market price of a perpetual contract remains close to the underlying spot price. The world of cryptocurrency trading is witnessing an unprecedented phenomenon as Bitcoin funding rates surge to a staggering 100%. This development has caught the attention of savvy traders looking to capitalize on the lucrative opportunities presented by the volatility in the crypto market.