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Derivatives.

Read perpetual funding, open interest and liquidation data with their units and payment periods intact. The collection explains derivative mechanics and the limits of the evidence used to describe them, including how execution assumptions affect strategy tests.

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A suggested order for the essentials.

  1. 01
    The Funding Rate Is Only Half the Funding Cost

    A small percentage needs a payment interval, a position value and a settlement status before it becomes a meaningful cost. A dated Bybit snapshot shows why.