> ## Documentation Index
> Fetch the complete documentation index at: https://docs.strike.markets/llms.txt
> Use this file to discover all available pages before exploring further.

# Get Market Details (includes Funding Rates)

<RequestExample>
  ```bash cURL theme={null}
  curl -X GET "https://api.strike.markets/market/BTC-USD"
  ```

  ```javascript JavaScript theme={null}
  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);
  ```

  ```python Python theme={null}
  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)
  ```
</RequestExample>

<ResponseExample>
  ```json Response theme={null}
  {
    "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"
  }
  ```
</ResponseExample>

## 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.

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

## Path Parameters

<ParamField path="symbol" type="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"
</ParamField>

## Response Fields

<ResponseField name="symbol" type="string">
  Trading pair identifier that was queried
</ResponseField>

<ResponseField name="long_funding_rate" type="number">
  Current hourly funding rate for long positions (decimal form)

  * **Positive**: Long positions pay funding
  * **Negative**: Long positions receive funding
</ResponseField>

<ResponseField name="short_funding_rate" type="number">
  Current hourly funding rate for short positions (decimal form)

  * **Positive**: Short positions pay funding
  * **Negative**: Short positions receive funding
</ResponseField>

<ResponseField name="long_funding_rate_annual" type="number">
  Annualized funding rate for long positions as percentage (e.g., 1.095 = 1.095%)
</ResponseField>

<ResponseField name="short_funding_rate_annual" type="number">
  Annualized funding rate for short positions as percentage (e.g., -0.657 = -0.657%)
</ResponseField>

<ResponseField name="last_update" type="string">
  ISO timestamp when funding rates were last calculated
</ResponseField>

## 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

<ResponseField name="400 Bad Request" type="object">
  Invalid symbol parameter

  ```json theme={null}
  {
    "error": 400,
    "message": "Invalid symbol: XYZ-USD"
  }
  ```
</ResponseField>

<ResponseField name="404 Not Found" type="object">
  Symbol not found or not supported

  ```json theme={null}
  {
    "error": 404,
    "message": "Market not found: ABC-USD"
  }
  ```
</ResponseField>

## Related Endpoints

* **[Get Markets](/api-reference/market-data/markets)** - View funding rates for all markets at once
* **[Get Open Interest](/api-reference/market-data/open-interest)** - Understand OI imbalance driving funding rates
* **[Get Positions](/api-reference/positions/get-positions)** - See funding impact on your positions
* **[Long Position](/api-reference/trading/long)** / **[Short Position](/api-reference/trading/short)** - Open positions with funding considerations

<Tip>
  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.
</Tip>

<Warning>
  Funding rates can change rapidly based on market conditions. Don't rely on current rates persisting for extended periods when planning carry trades.
</Warning>