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

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
This is a premium post. Create Plus+ Account to view the live, working codebase for this article.

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Author does not own the any crypto currency discussed. The information and content are subject to change without notice. CryptoDataDownload and its affiliates do not provide investment, tax, legal or accounting advice.

This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by CryptoDataDownload is not an endorsement whatsoever. CryptoDataDownload was not compensated to submit this article. Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.

Latest Posts
Follow Us
Notify me of new content