Explainers
How Onchain Perp DEX Volume Is Measured
Onchain perpetuals volume is one of the largest numbers in crypto, and much of it is notional, not cash changing hands. Here is how the figure is built and where it misleads.
Explainers
Onchain perpetuals volume is one of the largest numbers in crypto, and much of it is notional, not cash changing hands. Here is how the figure is built and where it misleads.
Explainers
The perp funding rate is the small, recurring payment that keeps a perpetual futures contract tethered to the real market price. Here is who pays it, how it is calculated, and why it matters far beyond crypto trading desks.