Funding rate

The funding rate is the periodic payment between long and short holders of a perpetual future that keeps its price anchored to spot. Manipulating the inputs to the funding calculation is a distinct crypto-native abuse.

manipulation techniques · updated 2026-11-06

Where does funding rate come up?

This term is used in the following manipulation techniques, each explained in full on its own page.

• Perpetual market spoofing — Perpetual market spoofing is placing orders on a crypto derivatives venue with no intention of trading them, on infrastructure that frequently keeps no order audit trail and may sit outside any regulator's reach.

See also

• Perpetual futures — A perpetual future is a derivative with no expiry, held in line with the spot price by periodic funding payments between longs and…

Terms that refer here

Perpetual futures

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