Question 1

What is funding?

Accepted Answer

A periodic payment between holders of long and short perpetual positions. It is what keeps the contract price near spot: when longs are crowded they pay shorts, and the other way round.

Question 2

Why are rates restated per day instead of shown as they are?

Accepted Answer

Because otherwise the comparison lies. Most CEXs settle every 8 hours (three times a day), DEXs every hour (twenty-four). Rates that look identical mean very different money, so we convert everything to a daily percentage.

Question 3

How do you trade a gap between rates?

Accepted Answer

Open opposite positions on two exchanges: long where funding pays you, short where you pay less. The price of the asset barely matters — the income comes from the gap between rates each period.

Question 4

What is the main risk?

Accepted Answer

The rate is not fixed — it is recalculated every period and can flip. On top of that two open positions need margin on both exchanges: a sharp move can liquidate you before the funding adds up.

Question 5

How do I get alerts about funding divergence?

Accepted Answer

Build a rule in the builder: what to watch, on which exchanges, from which threshold. The notification arrives as a Telegram direct message.