Funding reference rates

BTCSWP

Bitcoin funding reference data.

Funding obligations accrue continuously. Historically, evaluating this exposure required complex basis baskets or opaque OTC data. Nunchi makes the funding spread directly observable at its source.

BTCSWP Bitcoin funding
— Awaiting live feed
Private beta View rates →

Perpetual futures surface asset prices. Nunchi reference rates isolate the underlying cost of leverage.

Every leveraged position carries a financing cost. Nunchi calculates reference rates that make this cost observable. BTCSWP tracks Bitcoin funding against its expected trend.

Bitcoin funding versus its roughly 12.5-hour trend A looping illustration of Bitcoin's funding rate around its roughly 12.5-hour trend. Values above trend use the indigo signal accent and values below trend are muted. This is explanatory, not a recommendation. ▲ ABOVE TREND ▼ BELOW TREND BTC funding ┄ expected trend funding, vs expected observe it · compare it · analyze it
The chart highlights when funding accelerates above its expected trend or compresses below it. It illustrates relative movement, not a recommendation.
SWP™ series

Rates are forming continuously.

The SWP™ series helps you evaluate and compare funding costs across assets.

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Reference-rate infrastructure.

Monitor it. Systematize it. Build on it.

Institutions, liquidity providers, and treasuries use Nunchi to evaluate funding costs and manage exposure.

Institutions, liquidity providers & treasuries

BTCSWP Access

Evaluate BTC funding exposure against a dedicated reference rate. Product access is currently limited to approved private-beta participants.

Private beta
— — annualized · — vs expected
Quants & systematic

Systematic Strategies

Systematize funding-momentum, carry, and rate strategies against a live reference rate. Backtest on historical funding, monitor live feeds, and exercise strategies through read-only or testnet MCP access.

MCP · private beta
Builders & integrators

Rate Data Infrastructure

Read the funding index, history, and settlement as a feed. One integration replaces a custom data build and your own oracle wrangling — feed it straight into trading, analytics, and risk systems.

Access Feeds →
funding index · history · settlement
Access · AI

Connect your AI agent.

Connect through MCP. Your AI agent can read live rates, check funding conditions, and take approved actions. You choose what it can access and set the risk limits.

  1. 01

    Read live rates. Your AI agent can read BTCSWP data through Nunchi. More rate feeds are coming.

  2. 02

    Check before acting. It compares funding with the expected trend and explains the result before suggesting an order.

  3. 03

    Set clear limits. Choose read-only or testnet access, available tools, network, and order size.

Set up AI access →