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Max funding rates never really made sense to me. If the fair rate is very negative then bounding funding rates just makes perps illiquid.
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band perps trading ~18% below spot. they're going to have to change the max funding limit again lmao
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ok check out this incentive design by gate dot io though (also this is the funding rate as a function of measured premium to "mark price" where "mark price" is a function of previous period funding and real spot prices)
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