Get Market Details (includes Funding Rates)

curl -X GET "https://api.strike.markets/market/BTC-USD"

const symbol = "BTC-USD";

const response = await fetch(`https://api.strike.markets/market/${symbol}`);
const fundingData = await response.json();

console.log(`Funding rates for ${symbol}:`, fundingData);

import requests

symbol = "BTC-USD"

response = requests.get(f'https://api.strike.markets/market/{symbol}')
funding_data = response.json()

print(f'Funding rates for {symbol}:', funding_data)

{
  "symbol": "BTC-USD",
  "position_multiplier": "0.000001",
  "long_funding_rate_hourly": "0.000125",
  "short_funding_rate_hourly": "-0.000075",
  "long_funding_rate_annual": "1.095",
  "short_funding_rate_annual": "-0.657",
  "long_oi": "2500000.00",
  "short_oi": "1800000.00",
  "total_oi": "4300000.00",
  "skew": "0.1628",
  "volumeUsd24h": "45000000.00",
  "volumeUsdTotal": "2340000000.00"
}

Overview

Get detailed asymmetric funding rate information for a specific trading market. Strike Protocol’s innovative funding system allows long and short positions to have different funding rates based on open interest imbalance, creating more efficient price discovery and better trading opportunities.

This endpoint does NOT require authentication and provides real-time funding rate data for all users.

Path Parameters

string

required

Trading pair symbol to get funding rates for.Supported values: “BTC-USD”, “ETH-USD”, “SOL-USD”, “BNB-USD”, “XRP-USD”, “HYPE-USD” Example: “BTC-USD”

Response Fields

string

Trading pair identifier that was queried

number

Current hourly funding rate for long positions (decimal form)

Positive: Long positions pay funding
Negative: Long positions receive funding

number

Current hourly funding rate for short positions (decimal form)

Positive: Short positions pay funding
Negative: Short positions receive funding

number

Annualized funding rate for long positions as percentage (e.g., 1.095 = 1.095%)

number

Annualized funding rate for short positions as percentage (e.g., -0.657 = -0.657%)

string

ISO timestamp when funding rates were last calculated

Asymmetric Funding System

How It Works

Strike Protocol implements a unique asymmetric funding system that differs from traditional perpetual exchanges:

Traditional Funding

Single rate: Same funding rate for both long and short positions
Zero-sum: One side always pays, the other always receives
Fixed relationship: If longs pay +0.01%, shorts receive -0.01%

Asymmetric Funding

Different rates: Long and short positions can have different rates
Independent calculation: Rates calculated separately based on OI imbalance
More efficient: Better reflects actual market supply/demand dynamics

Rate Calculation

Funding rates are calculated based on open interest imbalance:

Long-Heavy Market

When long open interest > short open interest:

Long Rate: Positive (longs pay funding)
Short Rate: Less positive or negative (shorts may receive funding)

Short-Heavy Market

When short open interest > long open interest:

Long Rate: Less positive or negative (longs may receive funding)
Short Rate: Positive (shorts pay funding)

Balanced Market

When open interest is roughly balanced:

Long Rate: Near zero
Short Rate: Near zero

Funding Application

Timing

Application frequency: Every hour
Position age requirement: Positions must be 8+ hours old
Automatic: No manual action required

Calculation

Hourly Funding Payment = Position Size × Funding Rate

Example:

Position size: $10,000
Long rate: 0.000125 (0.0125%)
Hourly payment: $10,000 × 0.000125 =$ 1.25 paid

Impact on PnL

Paying funding: Reduces unrealized PnL
Receiving funding: Increases unrealized PnL
Accumulated over time: Significant impact on long-held positions

Error Responses

object

Invalid symbol parameter

{
  "error": 400,
  "message": "Invalid symbol: XYZ-USD"
}

object

Symbol not found or not supported

{
  "error": 404,
  "message": "Market not found: ABC-USD"
}

Get Markets - View funding rates for all markets at once
Get Open Interest - Understand OI imbalance driving funding rates
Get Positions - See funding impact on your positions
Long Position / Short Position - Open positions with funding considerations

Consider funding rates when planning longer-term positions. A position receiving 10%+ annually in funding can significantly boost returns, while paying high funding rates can erode profits.

Funding rates can change rapidly based on market conditions. Don’t rely on current rates persisting for extended periods when planning carry trades.

Getting Started

API Key Management

Trading Operations

Account Management

Position Management

Data & Analytics

Get Market Details (includes Funding Rates)

Overview

Path Parameters

Response Fields

Asymmetric Funding System

How It Works

Traditional Funding

Asymmetric Funding

Rate Calculation

Long-Heavy Market

Short-Heavy Market

Balanced Market

Funding Application

Timing

Calculation

Impact on PnL

Error Responses

​Overview

​Path Parameters

​Response Fields

​Asymmetric Funding System

​How It Works

​Traditional Funding

​Asymmetric Funding

​Rate Calculation

​Long-Heavy Market

​Short-Heavy Market

​Balanced Market

​Funding Application

​Timing

​Calculation

​Impact on PnL

​Error Responses

​Related Endpoints

Overview

Path Parameters

Response Fields

Asymmetric Funding System

How It Works

Traditional Funding

Asymmetric Funding

Rate Calculation

Long-Heavy Market

Short-Heavy Market

Balanced Market

Funding Application

Timing

Calculation

Impact on PnL

Error Responses

Related Endpoints