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์•”ํ˜ธํ™”ํ ํŽ€๋”ฉ๋น„, ๋ชจ๋“  ๊ฑฐ๋ž˜์†Œ ํ•œ๋ˆˆ์—

7๊ฐœ ์•”ํ˜ธํ™”ํ ์„ ๋ฌผ ร— 4๊ฐœ ๊ฑฐ๋ž˜์†Œ ํ•œ๋ˆˆ์—
BinanceBybitOKXHyperliquid

๋ฌด๊ธฐํ•œ๋ณ„ยท๊ฑฐ๋ž˜์†Œ๋ณ„ ํ˜„์žฌ ์•”ํ˜ธํ™”ํ ํŽ€๋”ฉ๋น„๋ฅผ ๊ฐ ๊ฑฐ๋ž˜์†Œ์˜ ์ž์ฒด 2๋…„ ์—ญ์‚ฌ์™€ ๋น„๊ตํ•ด ๋žญํ‚น. Binance, Bybit, OKX๋Š” 8์‹œ๊ฐ„๋งˆ๋‹ค, Hyperliquid๋Š” ๋งค์‹œ๊ฐ„ ๊ฒฐ์‚ฐ. ์Œ์˜ ์ŠคํŠธ๋ฆญ์€ ์ˆ์ด ๋กฑ์—๊ฒŒ ์ง€๋ถˆ, ์–‘์˜ ์ŠคํŠธ๋ฆญ์€ ๋กฑ์ด ์ˆ์—๊ฒŒ ์ง€๋ถˆ.

์ง€๊ธˆ ๊ฐ€์žฅ ๋†’์€ ํŽ€๋”ฉ๋น„: HYPE +0.0100% โ€” OKX (82๋ฒˆ์งธ ๋ฐฑ๋ถ„์œ„) ยท ๊ฐ€์žฅ ๋‚ฎ์€ ํŽ€๋”ฉ๋น„: BNB โˆ’0.0059% โ€” Bybit ยท ๊ฑฐ๋ž˜์†Œ ๊ฐ„ ์ตœ๋Œ€ ์Šคํ”„๋ ˆ๋“œ: ETH 0.0140% โ€” Hyperliquid / Binance ยท
8h cycle
Regimeโ— 0neg acrossโ— 4mixedโ— 3pos across
cell tint ยท |percentile โˆ’ 50| ยท stronger = further from venue mediannegativepositivecollecting
How we calculate this โ†’
Asset deep-dive ยท BTC
distribution vs full history ยท current streak (Binance reference)
switch asset โ†’
Funding distribution ยท 4 venues ยท each row scaled to its own peak
current: +0.0028% ยท +0.0069% ยท +0.0040% ยท +0.0100%
no distribution yet
BTC funding ยท 34th percentile on Binance ยท shorts paying longs How we calculate this โ†’
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์ž์ฃผ ๋ฌป๋Š” ์งˆ๋ฌธ

Funding rate ๊ธฐ๊ฐ„ ๊ตฌ์กฐ๋ž€?

Funding ๊ธฐ๊ฐ„ ๊ตฌ์กฐ๋Š” ์—ฌ๋Ÿฌ ๋ฌด๊ธฐํ•œ ํŽ˜์–ด์˜ ํ˜„์žฌ 8์‹œ๊ฐ„ funding rate๋ฅผ ๋‚˜๋ž€ํžˆ ๋ณด์—ฌ์ฃผ๊ณ , ๊ฐ ํŽ˜์–ด์˜ ์ž์ฒด 2๋…„ ์—ญ์‚ฌ์— ๋Œ€ํ•ด ์ˆœ์œ„ ๋งค๊ธด ๋ทฐ์ž…๋‹ˆ๋‹ค. MarketTrace๋Š” BTC, ETH, SOL, BNB, XRP, DOGE, HYPE์— ๋Œ€ํ•ด ์ด๋ฅผ ํ‘œ์‹œํ•˜๋ฏ€๋กœ ์–ด๋–ค ๋ฌด๊ธฐํ•œ์ด ์ž์‹ ์˜ ๊ณผ๊ฑฐ์— ๋น„ํ•ด ์ง€๊ธˆ ์ˆ ๋˜๋Š” ๋กฑํ•˜๊ธฐ ์ €๋ ดํ•œ์ง€ ๋น„์‹ผ์ง€ ๋น„๊ตํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.

Funding rate ๋ฐฑ๋ถ„์œ„๋Š” ๋ฌด์—‡์„ ์˜๋ฏธ?

Funding rate ๋ฐฑ๋ถ„์œ„ N์€ ์ž์‚ฐ์˜ ์ง€๋‚œ 2๋…„ 8์‹œ๊ฐ„ funding ์‚ฌ์ดํด ์ค‘ N%๊ฐ€ ํ˜„์žฌ rate ์ดํ•˜์—์„œ ์ถœ๋ ฅ๋˜์—ˆ์Œ์„ ์˜๋ฏธํ•ฉ๋‹ˆ๋‹ค. 0๋ฒˆ์งธ ๋ฐฑ๋ถ„์œ„๋Š” 2๋…„ ์œˆ๋„์šฐ์—์„œ ๊ฐ€์žฅ ์Œ์˜ ๊ฐ’, 100๋ฒˆ์งธ๋Š” ๊ฐ€์žฅ ์–‘์˜ ๊ฐ’. ํ˜„์žฌ 1๋ฒˆ์งธ ๋ฐฑ๋ถ„์œ„ ์ฝ๊ธฐ๋Š” ์—ญ์‚ฌ์ ์œผ๋กœ ๋น„์ •์ƒ์ ์œผ๋กœ ์Œ์˜ ์ถœ๋ ฅ์ž…๋‹ˆ๋‹ค.

์Œ์˜ funding rate๋Š” ๋ฌด์—‡์„ ์˜๋ฏธ?

์Œ์˜ funding์€ Binance ๋ฌด๊ธฐํ•œ์˜ ๋งค 8์‹œ๊ฐ„ funding ๊ฒฐ์‚ฐ์—์„œ ์ˆ ํฌ์ง€์…˜์ด ๋กฑ ํฌ์ง€์…˜์—๊ฒŒ ์ง€๋ถˆํ•จ์„ ์˜๋ฏธํ•ฉ๋‹ˆ๋‹ค. ๋กฑ์ด ์ˆ์—๊ฒŒ ์ง€๋ถˆํ•˜๋Š” ์ •์ƒ ์ƒํƒœ์™€ ๋ฐ˜๋Œ€์ž…๋‹ˆ๋‹ค. ์Œ์˜ funding์€ ์˜ค๋”๋ถ์ด ์ˆ ์ชฝ์œผ๋กœ ๊ธฐ์šธ์–ด ์žˆ๊ณ  ๊ฑฐ๋ž˜์†Œ๊ฐ€ ๋กฑ์„ ๋ฐ˜๋Œ€ํŽธ์œผ๋กœ ์œ ์ธํ•˜๊ณ  ์žˆ๋‹ค๋Š” ์‹ ํ˜ธ์ž…๋‹ˆ๋‹ค.

Funding ์ŠคํŠธ๋ฆญ์ด๋ž€?

Funding ์ŠคํŠธ๋ฆญ์€ ์ตœ์‹  ์‚ฌ์ดํด๊ณผ ๊ฐ™์€ ๋ถ€ํ˜ธ๋ฅผ ๊ณต์œ ํ•˜๋Š” ์—ฐ์† 8์‹œ๊ฐ„ ์‚ฌ์ดํด์˜ ์ค„์ž…๋‹ˆ๋‹ค. 3์ผ ์Œ์˜ ์ŠคํŠธ๋ฆญ์€ 9๊ฐœ์˜ ์—ฐ์† ์Œ์˜ funding ์‚ฌ์ดํด์„ ์˜๋ฏธํ•ฉ๋‹ˆ๋‹ค. ํ˜„์žฌ ๊ธธ์ด๊ฐ€ ๊ทธ ์ž์‚ฐ์˜ ์—ญ์‚ฌ์  ๋™๋ฐฉํ–ฅ ์ŠคํŠธ๋ฆญ ์ƒ์œ„ 10%์— ์žˆ์„ ๋•Œ ์ŠคํŠธ๋ฆญ์€ 'ํฌ๊ท€'๋กœ ํ‘œ์‹œ๋ฉ๋‹ˆ๋‹ค.

MarketTrace๋Š” ์–ด๋–ค ์•”ํ˜ธํ™”ํ ๋ฌด๊ธฐํ•œ์˜ funding์„ ์ถ”์ ํ•˜๋‚˜์š”?

MarketTrace๋Š” Binance, Bybit, OKX, Hyperliquid์—์„œ 7๊ฐœ USDT ๋งˆ์ง„ ๋ฌด๊ธฐํ•œ ํŽ˜์–ด์˜ funding rate๋ฅผ ์ถ”์ ํ•ฉ๋‹ˆ๋‹ค โ€” BTC, ETH, SOL, BNB, XRP, DOGE, HYPE. ๊ฐ ๊ฑฐ๋ž˜์†Œ์˜ ๋ฐฑ๋ถ„์œ„๋Š” ์ž์ฒด ์—ญ์‚ฌ์— ๋Œ€ํ•ด ์ˆœ์œ„๊ฐ€ ๋งค๊ฒจ์ง€๋ฏ€๋กœ ๊ฑฐ๋ž˜์†Œ ๊ฐ„ basis ์ŠคํŠธ๋ ˆ์Šค๊ฐ€ ํ‘œ์— ์ง์ ‘ ๋‚˜ํƒ€๋‚ฉ๋‹ˆ๋‹ค.

๋Œ€์‹œ๋ณด๋“œ์˜ funding rate๋Š” ์–ผ๋งˆ๋‚˜ ์ž์ฃผ ์—…๋ฐ์ดํŠธ๋˜๋‚˜์š”?

Funding rate๋Š” Binance, Bybit, OKX ๋ฌด๊ธฐํ•œ์—์„œ 8์‹œ๊ฐ„๋งˆ๋‹ค(00:00, 08:00, 16:00 UTC), Hyperliquid์—์„œ๋Š” ๋งค์‹œ๊ฐ„ ๊ฒฐ์‚ฐ๋ฉ๋‹ˆ๋‹ค. MarketTrace ๋Œ€์‹œ๋ณด๋“œ๋Š” ํ˜„์žฌ rate ์ฝ๊ธฐ๋ฅผ 60์ดˆ๋งˆ๋‹ค ์ƒˆ๋กœ๊ณ ์นจํ•˜๊ณ , ๋งค ์ƒˆ๋กœ๊ณ ์นจ๋งˆ๋‹ค ๋ฐฑ๋ถ„์œ„๋ฅผ ๋‹ค์‹œ ๊ณ„์‚ฐํ•ฉ๋‹ˆ๋‹ค.

Hyperliquid์˜ funding rate๋Š”?

Hyperliquid๋Š” 8์‹œ๊ฐ„ ๋Œ€์‹  ๋งค์‹œ๊ฐ„ funding์„ ๊ฒฐ์‚ฐํ•˜๋ฏ€๋กœ, ๋‹จ์ผ Hyperliquid ์ถœ๋ ฅ์€ Binance, Bybit, OKX์˜ ๋น„๊ต ๊ฐ€๋Šฅํ•œ ์ถœ๋ ฅ์˜ ์•ฝ 1/8 ํฌ๊ธฐ์ž…๋‹ˆ๋‹ค. ๋ฌด๊ธฐํ•œ basis๊ฐ€ ๋™์ผํ•  ๋•Œ 24์‹œ๊ฐ„ ๋ณด์œ  ๋ˆ„์  ๋น„์šฉ์€ ๊ฑฐ๋ž˜์†Œ ๊ฐ„์— ์œ ์‚ฌํ•ฉ๋‹ˆ๋‹ค. MarketTrace ์Šค์ฝ”์–ด๋ณด๋“œ๋Š” Hyperliquid funding์„ ์ž์ฒด ๋‹ค๋…„ ์—ญ์‚ฌ์— ๋Œ€ํ•ด ์ˆœ์œ„ ๋งค๊น๋‹ˆ๋‹ค(17,000๊ฐœ ์ด์ƒ์˜ ์‹œ๊ฐ„ ๋‹จ์œ„ ์‚ฌ์ดํด, ๊ฐ CEX์˜ ์•ฝ 2,200๊ฐœ 8์‹œ๊ฐ„ ์‚ฌ์ดํด ๋Œ€๋น„) โ€” ํ‘œ๋ณธ ํฌ๊ธฐ์— ๋Œ€ํ•ด ์ •์งํ•œ ๋ฐฑ๋ถ„์œ„.

์ง€๊ธˆ ํŽ€๋”ฉ๋น„๊ฐ€ ๊ฐ€์žฅ ๋†’์€ ์•”ํ˜ธํ™”ํ๋Š” ๋ฌด์—‡์ธ๊ฐ€์š”?

์ถ”์  ์ค‘์ธ ๋ชจ๋“  ๋ฌด๊ธฐํ•œ ์„ ๋ฌผ๊ณผ ๊ฑฐ๋ž˜์†Œ๋ฅผ ํ†ตํ‹€์–ด ํ˜„์žฌ ๊ฐ€์žฅ ๋†’์€ ํŽ€๋”ฉ๋น„์™€ ๊ฐ€์žฅ ๋‚ฎ์€ ํŽ€๋”ฉ๋น„๋Š” ์ด ํŽ˜์ด์ง€ ์ƒ๋‹จ์— ์‹ค์‹œ๊ฐ„์œผ๋กœ ํ‘œ์‹œ๋˜๋ฉฐ 60์ดˆ๋งˆ๋‹ค ๊ฐฑ์‹ ๋ฉ๋‹ˆ๋‹ค. ํ•œ ๊ฑฐ๋ž˜์†Œ์—์„œ์˜ ๊ทน๋‹จ๊ฐ’์ด ๋ชจ๋“  ๊ฑฐ๋ž˜์†Œ์˜ ๊ทน๋‹จ๊ฐ’์€ ์•„๋‹™๋‹ˆ๋‹ค. ๊ฐ™์€ ๋ฌด๊ธฐํ•œ ์„ ๋ฌผ์ด Bybit์—์„œ๋Š” ์ƒ์œ„ 10% ์ˆ˜์ค€์œผ๋กœ ์ฐํž ๋•Œ Binance์—์„œ๋Š” ์ค‘๊ฐ„์— ๋จธ๋ฌผ ์ˆ˜ ์žˆ๊ณ , ๊ทธ ์ค„์˜ ๊ฑฐ๋ž˜์†Œ ๊ฐ„ ์Šคํ”„๋ ˆ๋“œ๊ฐ€ ์žฌ๋Š” ๊ฒƒ์ด ๋ฐ”๋กœ ๊ทธ ์ฐจ์ด์ž…๋‹ˆ๋‹ค.

ํŽ€๋”ฉ๋น„ ์ฐจ์ต๊ฑฐ๋ž˜๋ž€ ๋ฌด์—‡์ธ๊ฐ€์š”?

ํŽ€๋”ฉ๋น„ ์ฐจ์ต๊ฑฐ๋ž˜๋Š” ํŽ€๋”ฉ์ด ์„œ๋กœ ๋‹ค๋ฅธ ๋‘ ๊ฑฐ๋ž˜์†Œ์—์„œ ๊ฐ™์€ ๋ฌด๊ธฐํ•œ ํฌ์ง€์…˜์„ ๋ณด์œ ํ•ด, ๊ฐ€๊ฒฉ ๋…ธ์ถœ์€ ์ƒ์‡„๋˜๊ณ  ํŽ€๋”ฉ ์ฐจ์ด๋งŒ ๋‚จ๊ฒŒ ํ•˜๋Š” ๊ฒƒ์ž…๋‹ˆ๋‹ค. MarketTrace๋Š” ๊ฑฐ๋ž˜์†Œ ๊ฐ„ ์ฐจ์ด๋ฅผ ์ธก์ •๋œ ์‚ฌ์‹ค๋กœ ๋ณด์—ฌ์ค„ ๋ฟ, ๊ฑฐ๋ž˜๋ฅผ ์‹คํ–‰ํ•˜๊ฑฐ๋‚˜ ๊ถŒ์œ ํ•˜๊ฑฐ๋‚˜ ๊ทœ๋ชจ๋ฅผ ์ •ํ•˜์ง€ ์•Š์Šต๋‹ˆ๋‹ค. ์ด ๊ฒฉ์ฐจ๊ฐ€ ์—ญ์‚ฌ์ ์œผ๋กœ ์–ผ๋งˆ๋‚˜ ๋ฒŒ์–ด์กŒ๋Š”์ง€๋Š” ํŽ€๋”ฉ๋น„ ๊ทน๋‹จ๊ฐ’์„ ์ฐธ๊ณ ํ•˜์„ธ์š”.