Decentralized exchanges have evolved into two distinct models: Spot DEXs that enable direct ownership of crypto assets, and Perp DEXs that provide leveraged exposure through perpetual contracts. This ...
Funding rates are the engine that keeps perpetual futures tethered to spot markets. This article explains how they’re calculated, why they exist, and how leading Perp DEXs like GMX, dYdX, Hyperliquid, ...
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