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financeLOW2026-05-02 13:19 UTC

Perpetual Engine Series Part 3: Funding Rates

In Part 2, we built the "heartbeat" of our engine: PnL Calculation. We ensured that every price tick accurately updates a trader’s equity with decimal precision. But a market cannot survive on price action alone. Without an anchor, the price of a perpetual contract would drift aimlessly away from th

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