Understanding Funding Rates and Their Impact on Perpetual Trading
Understanding Funding Rates and Their Impact on Perpetual Trading
🤔 Funding Rates Gone Wild
Funding rates on cryptocurrency exchanges have surged to notable levels, reaching up to 150% annualized across various platforms. These rates significantly impact perpetual futures trading (perps) and can materially affect profit and loss outcomes.
- High funding rates often indicate market heat or potential overextension
- Current market conditions show widespread elevated rates across most cryptocurrencies
- Traders can potentially capitalize on these rate fluctuations through strategic positioning
Understanding funding mechanics is crucial for effective perp trading. For detailed insights on how funding rates work and their trading implications, check out this comprehensive guide.
Ever wondered what funding rates are and how they affect your trades on dYdX? They play a key role in perps, and can impact your PnL more than you think. Learn more ➡️ youtube.com/watch?v=RcPr8b…
dYdX Continues Market Expansion with New Listings
dYdX has added several new markets through its Instant Market Listings feature: - Latest addition: $GORK token now available for trading - Recent launches include $WAL (Walrus Protocol), $HAEDAL, and $PROMPT - Two instant market listings added: $SIGN and $SKITTEN - Notable launches: $DEEP (DeepBook on Sui) and $VELO protocol The exchange now offers 180+ tradable markets, with instant liquidity provided through MegaVault. Users can launch new markets by depositing USDC into MegaVault, which acts as a master liquidity pool. [Launch markets on dYdX](https://dydx.trade/markets)
dYdX Founder Discusses DeFi's Dominance at Token2049 Dubai
At Token2049 Dubai, dYdX Founder Antonio Juliano participated in a panel addressing the growing influence of DeFi over traditional centralized finance (CeFi). Key takeaways: - DeFi infrastructure continues to mature rapidly - Permissionless trading evolution shows significant progress - DeFi is positioned to overtake CeFi in market dominance This follows Juliano's recent appearance on Nasdaq's Trade Talks series, where he discussed DeFi adoption and Instant Market Listings. The full Nasdaq interview can be found at [Trade Talks](https://www.nasdaq.com/videos/future-chain-and-infrastructure-next-financial-era).
dYdX Continues Engineering-First Recruitment Drive
dYdX, the decentralized exchange platform, is actively expanding its engineering team. The company emphasizes its engineering-centric culture and commitment to technical excellence. Key highlights: - Engineering Manager Xiaomeng highlights team culture and impact potential - Multiple positions open for technical roles - Focus on cutting-edge crypto technology development Interested candidates can apply at [dYdX Careers](https://job-boards.greenhouse.io/dydx)
Critical dYdX Bridge Shutdown Timeline Announced
**Important Notice**: Over 110M ethDYDX tokens remain unmigrated to native $DYDX on the dYdX Chain. Nethermind has proposed terminating bridge support in approximately 31 days. After this deadline, **unconverted tokens may become non-transferable**. Key Information: - Deadline: ~31 days remaining - Affected: 110M+ unmigrated ethDYDX tokens - Action Required: Bridge to native $DYDX For migration instructions, visit the [official bridging guide](https://www.dydx.foundation/how-to-bridge/overview). View proposal details on [Mintscan](https://mintscan.io/dydx/proposals/189).
dYdX Surge Trading Competition Season 1 Concludes, Season 2 Begins
The first season of dYdX's Surge Trading Competition has concluded, with Season 2 now underway. Key highlights: - Season 1 rewards distribution scheduled for next week - Total prize pool of $20M distributed over 9 months - Monthly rewards of up to $2M in $DYDX - Program rewards overall platform engagement, not just trading P&L - Competition runs through December 2025 The Surge program aims to incentivize ecosystem participation through multiple earning opportunities. Traders can track their performance on the [official leaderboard](https://community.chaoslabs.xyz/dydx-v4/risk/leaderboard). *New participants can join Season 2 to compete for their share of rewards.*