Paradex Launches Funding V2 for Perpetual Contracts on June 16

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Paradex launched Funding V2 on June 16, replacing its traditional funding mechanism with a system that recalculates rates every second rather than every 8 hours. The new system uses a weighted median Impact Premium derived from six venues: Paradex (weight 3.5), Binance, Bybit, OKX, Hyperliquid, and Lighter (each weight 1.2). Rates are smoothed using Exponentially Weighted Moving Average with a 30-minute half-life to prevent second-by-second noise. The upgrade targets funding rate volatility on long-tail perpetual contract pairs, where traditional fixed-interval mechanisms often produced unpredictable cost swings.
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