Powers funding

Funding is collected hourly based on the ratio between longs and shorts, with a daily funding period. It is calculated using a difference between an hourly TWAP of mark price divided by a normalization factor n and an hourly TWAP of the index price divided by n raised to the power P of the market, over 24 hours. 
1h funding=1h TWAP mark−indexpn24\text{1h funding} = \text{1h} \space \text{TWAP} \space \frac{mark - \frac{index^p}{n} }{24}1h funding=1h TWAP 24mark−nindexp​​
where:
​Index price is the price of the underlying asset
p is the power of the market
n is a normalization factor that is a multiple of 10, and used to make numbers more readable
​markindex\frac{mark}{index}indexmark​
is clamped between 0.95 and 1.05

What are Powers

Implied Volatility

Last modified 1mo ago

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