Funding rate regime remains neutral to negative
Funding rates continue their prolonged path at or below neutral on Binance and Bybit, as has been the case since December 4th.This negative to neutral funding regime has lasted for nearly 4,5 months, which is by far the longest neutral funding rate regime experienced in perps.This funding regime tells a story of muted retail activity and possibly also more efficient market makers stepping in and contributing to aligning perp prices with the spot prices.Preview