Trading
Funding Rates
15-minute funding intervals keep the perp price anchored to the oracle.
Funding keeps the perp price anchored to the oracle. Without it, one-sided sentiment causes the orderbook price to drift from fair value.
Mechanism
Every 15 minutes during live games (faster than crypto's 8-hour standard, because sports prices move faster):
Funding Rate = clamp( VWAP_mid_price − Oracle_Index_Price, −0.5%, +0.5% )If perp trades above oracle → longs pay shorts. Below oracle → shorts pay longs. Capped at ±0.5% per interval.
Live Games — 15-minute intervals. Fast enough to compensate LPs, not so fast it discourages traders.
Pre-Game — 1-hour intervals. Prices more stable before kickoff. Uses pre-game sportsbook lines.
Related
- Oracle System — what the perp is anchored to
- Margin & Leverage — funding affects margin balance
- Liquidity & Vault — vault earns funding when skewed