Understand the carry
of your hedge.
Compare funding rates on a common time basis before evaluating a perpetual hedge alongside options.
Funding spread scenario
01 / InputsEnter your own observations. Switching the underlying does not load prices or rates.
BTC scenario
02 / Results0.0060%
- Simple annualized spread
- 2.19%
- Daily carry estimate
- $0.60
Assumes short A and long B with equal USD notional, positive funding paid by longs, and unchanged rates. Negative carry is a cost. Excludes fees, slippage, price P&L, margin costs and liquidation risk. Annualization is not a yield forecast.
A hedge has a carrying cost.
A perpetual position can offset some of an option position’s price exposure. Its funding payments can change the combined result even when the hedge offsets price moves. Funding basis measures differences between funding rates; it is not an option itself.
Tradable funding-basis contracts require a defined benchmark, verified feeds, liquidity and settlement infrastructure. This comparison does not place a hedge or a trade.