Odaily Planet Daily News: Starting from May 13 (Monday), Backpack Exchange announced the introduction of a unified +11% annualized benchmark interest rate in the funding rate calculation formula of its perpetual contracts. This update is designed to be consistent with the funding rate structure of mainstream derivatives exchanges in the industry, while enhancing the overall liquidity and trading activity of the market.
The new mechanism does not change the calculation logic of the original funding rate, but further optimizes the funding rate environment by artificially setting a continuous positive deviation, which is particularly beneficial to Delta-neutral strategy participants, providing them with more attractive funding rate arbitrage space.