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The Evolution of Funding Rates: 9 Years of BitMEX’s XBTUSD Funding Rate Analysis

Pioneered by BitMEX in 2016, XBTUSD is the longest-running Bitcoin perpetual swap, widely used by some of the most sea-soned traders in the crypto industry. This piece provides an in-depth analysis of nearly 9 years of funding rate data from BitMEX’s XBTUSD perpetual swap, covering the period from May 2016 to May 2025.

Now Live: MGOUSDT Perpetual Swap Listing With Up to 50x Leverage

On 25 June 2025 at 04:00 UTC, BitMEX users will be able to long or short $MGO via a new perpetual swap listing - MGOUSDT.

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