Backpack introduces +11% APR benchmark interest rate to perpetual contract funding rate mechanism, which is beneficial to hedging trading strategies

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MarsBit
05-13
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Mars Finance News: Starting from May 13 (Monday), Backpack Exchange announced the introduction of a unified +11% annualized benchmark interest rate in its funding rate calculation formula for perpetual contracts. This update aims to align with the funding rate structure of mainstream derivatives exchanges in the industry, while enhancing overall market liquidity and trading activity. The new mechanism does not change the original funding rate calculation logic, but rather sets a continuous positive bias, further optimizing the funding rate environment, which is particularly beneficial for Delta-neutral strategy participants, providing them with a more attractive funding rate arbitrage space.

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