Perps Now Set Crypto Prices: SpaceX Reveals True Market Influence
Roughly 93% of crypto futures volume runs through perps, and Binance's order book leads spot on most moves.
Every Zipp story tagged #FundingRate, newest first.
Roughly 93% of crypto futures volume runs through perps, and Binance's order book leads spot on most moves.
BitMEX engineer Ben Delo's 2015 fix for a Bitcoin futures annoyance became crypto's dominant trading venue, and US regulators are now eyeing the same structure for equities on the CME.
The funding signal is strong without being euphoric: longs are paying shorts again, OI has eased, and the next read comes from a US inflation print that could finally break the $1,860–$1,930 range.
Three whale cohorts have all resumed offloading, the funding rate flipped negative, and $0.150 is now the line deciding whether ADA revisits the $0.138 cycle low.
The mean rate across exchanges is back in positive territory after a short-biased April — a directional shift, but a modest one, and still well below the euphoria thresholds that historically…