The funding rate is the periodic payment between long and short holders of a perpetual future that keeps its price anchored to spot. Manipulating the inputs to the funding calculation is a distinct crypto-native abuse.
manipulation techniques · updated 2026-09-08
Where does funding rate come up?
This term is used in the following manipulation techniques, each explained in full on
its own page.
Perpetual market spoofing— Perpetual market spoofing is placing orders on a crypto derivatives venue with no intention of trading them, on infrastructure that frequently keeps no order audit trail and may sit outside any regulator's reach.
See also
Perpetual futures— A perpetual future is a derivative with no expiry, held in line with the spot price by periodic funding payments between longs and…