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[PLUS] How to Use Official FTX API Client to Retrieve Historical Funding Rates

by CryptoDataDownload

We will use the official FTX client API for Python found at this GitHub link to pull the historical funding rates for any perpetual futures contract on FTX! In our example, we will modify the code slightly in order to pull hourly OHLCV timeseries data going all the way back to inception of the perpetual contract. If you are wondering what funding rates are, please take a look atthis article written by Binance that explains funding rates more in depth. Quoting the article: "Funding Fates are periodic payments either to traders that are long or short based on the difference between perpetual contract markets and spot prices. Therefore, depending on open positions, traders will either pay or receive funding."

The official FTX client class has been modified so that an account or login is not required in order to access the public data endpoints. We will create 3 other functions that are described below. There are 2 main functions to pull the funding rates from FTX (#2 & #3). One function will pull all of the current rates and save the file to CSV and the other will pull all funding rates historically for a particular ticker. The official FTX client code is in the class object called "FtxClient"

1) getUnixTimestamp --> This function will convert a datetime object string into its unix/epoch equivalent
2) get_current_funding_rates --> This function will get current funding rates for all open perpetual futures contract and save the results to a CSV
3) get_historical_funding_by_ticker --> This function will pull all historical funding rates available between now and 2015 and save the results to a CSV file
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THE PERFORMANCE OF TRADING SYSTEMS IS BASED ON THE USE OF COMPUTERIZED SYSTEM LOGIC. IT IS HYPOTHETICAL. PLEASE NOTE THE FOLLOWING DISCLAIMER. CFTC RULE 4.41: HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. U.S. GOVERNMENT REQUIRED DISCLAIMER: COMMODITY FUTURES TRADING COMMISSION. FUTURES AND OPTIONS TRADING HAS LARGE POTENTIAL REWARDS, BUT ALSO LARGE POTENTIAL RISK. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS. DON’T TRADE WITH MONEY YOU CAN’T AFFORD TO LOSE. THIS IS NEITHER A SOLICITATION NOR AN OFFER TO BUY/SELL FUTURES OR OPTIONS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED ON THIS WEBSITE. THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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