BitMEX Study Reveals 90% Drop in Extreme Bitcoin Perpetual Futures Funding Rates Since 2016, Signalling Market Maturation
Mahe, Seychelles, June 30th, 2025, Chainwire BitMEX , the safest crypto exchange, today announced the findings of its comprehensive study on XBTUSD, the longest-running Bitcoin perpetual swap, to shed light on the evolution of the funding rate market. The research, spanning from May 2016 to May 2025, reveals a significant shift in funding rate patterns, marking a transition from high volatility to unprecedented market stability. Since BitMEX pioneered perpetual swaps in 2016, they've become one of the most traded financial products worldwide. A key component of these products are funding rates, which are periodic payments made between long and short position holders of a perpetual swap contract to maintain a token’s futures price with its spot price. Funding rates are crucial for identifying market arbitrage opportunities and to gauge market sentiment. The study, which delved into the extensive history of BitMEX’s XBTUSD perpetual swap, uncovered several key insights: Extrem...