The annualized funding rate spread between BTC and ETH perpetual futures markets. Input funding rates are presented as an 8-hourly basis, which are resolved to an annual yield. The spread is calculated as BTC Funding Rate - ETH Funding Rate. Input data is selected on a 1hr resolution, with a 24-hour moving average applied to the result.

Results are presented in decimal format (e.g. 0.15 means a 15% annualized spread between BTC and ETH funding rates)