MEXC COPPERINUUSDT Futures Funding Rate Hits 0%

The futures funding rate on MEXC for COPPERINUUSDT is currently at 0%. This means that there are no periodic payments being made between long and short traders in this perpetual contract.

The funding rate formula takes into account the interest rate, premium index, and a clamp to ensure it stays within a fixed range. The premium index measures the difference between the perpetual contract price and the Spot index price, and if the market is biased towards longs or shorts, traders are accordingly rewarded or penalized.

For example, if the BTCUSDT perpetual contract on MEXC is trading at $60,600 while the Spot index price is $60,000, a positive premium would result in short traders being paid by long traders. The funding rate is calculated to be 0.11% in this case.