Bitget Funding Rate
Bitget annualized funding rate
| Property | Value |
|---|---|
| Category | Market Data |
| Unit | % |
| Resolution | 1d |
| Assets | BTC |
| Tier | Pro |
| API Endpoint | GET /v1/funding/exchange |
| Field | annualized_apr |
Overview
Annualized perpetual funding rate on Bitget, one of the fastest-growing derivatives exchanges. Bitget has gained significant market share since 2021, particularly in copy trading and among retail derivatives traders. It consistently ranks in the top 5 by open interest.
How Bitget Calculates Funding Rate
Bitget settles funding every 8 hours (00:00, 08:00, 16:00 UTC):
Funding Rate = Average Premium Index + clamp(Interest Rate − Average Premium Index, −0.05%, +0.05%)
- Premium Index: TWAP of
(Mark Price − Index Price) / Index Pricesampled over the funding interval. - Interest Rate: Fixed at 0.01% per 8 hours.
- Clamp: Applied to the interest-premium differential, similar to Binance's formula.
Bitget's spot index references prices from Binance, OKX, Bybit, and other major spots.
Interpretation
- Bitget funding tends to show higher volatility than Tier-1 exchanges due to its retail-heavy user base and copy trading features
- Extreme Bitget funding without corresponding moves on Binance/OKX can signal localized retail over-leverage
- Bitget funding spikes are useful as a retail sentiment indicator — when Bitget diverges from the aggregate, retail is piling in
- Copy trading mechanics can amplify funding movements: when top traders go long, copy traders follow, pushing funding higher
Use Cases
- Retail sentiment barometer: Bitget's copy-trading user base makes its funding rate a proxy for retail derivatives positioning
- Identifying "copy trade cascades" where popular trader positions create one-sided funding
- Comparing Bitget (retail-heavy) vs Deribit (institutional) funding for a retail vs smart money divergence signal
- Monitoring a rapidly growing venue that is gaining structural importance in crypto derivatives
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/funding/exchange?exchange=bitget&start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- Annualized Funding Rate (OI-Weighted) — OI-weighted average annualized funding rate across 7 exchanges
- Futures Open Interest — Total futures open interest across all exchanges in USD
- Binance Funding Rate — Binance annualized funding rate