Tuesday, July 21, 2026

Luxury Horology is Written in Stone

An assortment of ornamental hard stones before they are cut into dials

Slicing natural boulders into wafer-thin 1mm dials has long been one of horology’s highest-attrition nightmares. Today, as advanced laser cutting democratizes rare minerals, brands are finding that the universal hunger for unique and organic wrist canvases is rewriting the playbook.

The appeal is inescapable. Dials made from graphically entrancing natural stones are increasingly popular. Beautiful, sophisticated, exclusive, and often unique, the number of such minerals available to watchmakers is growing almost as fast as demand.

Watch brands are killing several birds with one stone – or perhaps multiple colorful and (somewhat) precious stones, to be more precise. In the first half of 2026 alone, more than 50 new watches have appeared fitted with striking mineral dials. The roster includes Patek Philippe, Arnold & Son, H. Moser & Cie, Biver, Zenith, Pequignet, Louis Vuitton, Frédérique Constant, Audemars Piguet, Dennison, and Jacob & Co. That is not to mention the two brands that started mining this particular kind of “gold” as early as the 1960s: Piaget and Rolex.

Brands are leaving no stone unturned – or unused – as the repertoire of eligible minerals keeps expanding. Behind masks made of the holy trinity of malachite, lapis lazuli, and onyx, not to mention dozens of rarer and occasionally quixotic materials, watches are showing their true faces. They are using hard, graphic stones to seduce the watchmaking public. The attraction of their colours, patterns, and reflections, all of which are available in an ever-widening palette, is proving irresistible.

Zenith G.F.J. Calibre 135 39mm in yellow gold with a bloodstone jasper dial and a mother-of-pearl counter.

For several years, a single colour was enough to make a trend. A single, measly, lonely colour. By contrast, an opal has more than 30 shades per square centimetre. A slab of malachite or jasper offers patterns and details so unusual and varied they can elicit comparisons with landscapes, mushrooms, lakes, and outright psychedelic visions. How could anyone resist?

FROM THE DEPTHS

Piaget Polo 79 38mm in white gold with sodalite bands

To contextualize today’s full-blown mineral boom, one must trace the deep-rooted pedigree of these natural canvases. As explored in our report last year on this subject, “The Stone Revivals,” in the Vision issue, the dialogue between humanity and ornamental hard stones – historically referred to by the humbling moniker “semi- precious stones” – spans millennia.

Long before they were bound to mechanical calibres, opaque ornamental solids like lapis lazuli, turquoise, carnelian, and agate served as ultimate markers of royalty and religious sanctity. Archaeological footprints trace these materials back to Neolithic beads in Mesopotamia, amuletic talismans in ancient Egypt – such as Tutankhamun’s famed winged scarab pectoral – and classical Roman lapidary cataloguing. Roman author Pliny the Elder dedicated the entirety of his Natural History (circa 78 CE) Book 37 to these wonders, writing that beholding them was enough to see “the supreme and absolute perfection of Nature’s work.”

STONE-AGE TIMEKEEPING

Arnold & Son HM 39.5mm in red gold with a Namibian pietersite dial

While stone carving thrived across centuries via Middle Age cameos and Art Deco objects d’art, its integration into watchmaking is a far younger, more torturous discipline. Historically confined to exterior case accents due to the immense technical barrier of slicing rock into wafer-thin discs, the true stone-dial wristwatch finally became a reality in 1963.

Piaget Sixtie 29mm in rose gold with a blue quartz dial

The house of Piaget is widely recognised as the pioneer of this movement, debuting a vibrant lineup of ladies’ timepieces adorned with ultra-thin slivers of lapis lazuli, jade, opal, malachite, and tiger’s eye. This avant-garde launch perfectly chimed with the rebellious, colour-drenched spirit of the 1960s Pop Art movement. Piaget’s achievement was heavily enabled by its proprietary, revolutionary ultra-thin mechanics – specifically the 2mm-thick manual-winding Calibre 9P and the 2.3mm automatic Calibre 12P – which smoothly countered the extra physical real estate required by a 1mm-thin stone dial.

By the 1970s, Rolex firmly institutionalised the style, curating an expansive catalogue of roughly 120 stone variations across its premier Datejust, Day-Date, and eventually Daytona mainstays. This technical evolution shifted stone dials from delicate, gem-set cocktail watches strictly marketed to women into robust, hard-working men’s tool watches. Over the subsequent decades, the craft transitioned from high-attrition manual lapidary to highly accurate, computer-guided laser cutting, drastically reducing wastage and paving the way for industrialized democratization.

PALAEOLITHIC POSTURING

As natural materials go, stones have exerted as fascinating an effect on humanity as gems. The two categories may not be as far apart as one imagines, as mineral dials can reach levels of value that defy imagination. “A slab of opal beyond 30mm will cost tens of thousands of (Swiss) francs before a dial-maker has even started working on it,” says Hervé Cerruti, professional stone hunter and head of supply at Pylania, a specialist based outside Biel, Switzerland.

What he means is that the kind of opal eligible for this level of work – the very prelude to making a watch – is so rare, fragile, highly in demand, and beautiful that it will fetch more than the rest of the watch it is meant to fit inside. But these levels of rarity and price are not the only segment stones operate in. Long gone are the days when they exclusively landed inside the most high-end and sophisticated creations; today, they are all the rage, driving a full-blown “stone rush.”

“There’s a powerful trendy appeal for watches [that retail] between CHF3,000 and 5,000,” says Caviraj Appadoo, technical and sales director at dialmaker Estima. This price bracket, the most populated in the industry, gives stone dials unprecedented reach, which was already the case in geographic terms.

“The most beautiful thing about them is that they seem to have universal appeal,” says Pascal Béchu, managing director at Arnold & Son. “They sell in all markets.” Some stones remain more deeply rooted in specific cultures, which has a lot to do with where they are most abundant. “We did a limited series of our Luna Magna with a turquoise dial, and all of it went to the US market,” says Béchu. It does not take much to guess where most jade-clad watches are headed.

THE EARTH’S PALETTE

The most striking and defining trait of the current stone-mania is diversity. Some of it comes from the almost infinite number of interesting materials created by Mother Earth, some of whose names can barely be articulated.

“There’s a massive number of varieties out there. And it keeps getting larger and larger,” says Béchu. “With the current technologies, we’ve gained access to stones that are more fragile and tender. Plus each family contains incredible diversity.”

Yet anyone would be hard-pressed to name five stones usable in watchmaking besides the three or four obvious ones. “On any given day, we hold over 100 different stones in our inventory. And that’s not including (all different types of) marble,” says Appadoo.

This overwhelming presence of stone dials should be enough to raise suspicion. If the same mineral can land in an EUR 800 watch and in another worth 10 to 50 times that, it must mean there is a significant difference in cost, and therefore in quality. When extracted from a mine, the roughs of onyx, lapis, pietersite, and jasper do not look like much; they emerge as large gravel caked in mud. The primary expertise lies in identifying exploitable samples – needles in haystacks the size of actual mountains.

Only then can sorting begin. A cascade of quality criteria comes into play to define a finely stacked hierarchy of grades. Take a common, almost trivial stone like turquoise: the cost difference between two dial-grade samples can be 500-fold, and a single dial can cost a brand more than CHF10,000. Some customers want a solid colour, while others demand a specific pattern. One collector likes veins in his jasper, while the next will ask for blue-only lapis – meaning he actually wants lazurite, one of the minerals that cohabitated in Ancient Egypt’s favourite gemstone.

HARD WORK

H. Moser & Cie Endeavour Small Seconds Concept Pop 38mm in steel with a pink opal dial and Burmese jade counter

Long before it is given a flat, circular shape with a handful of holes drilled into it, a stone must first be hard enough to be considered for cutting. Even then, they break frequently, with a churn rate of up to 70 percent. “A dial can break at any time, even when we’re printing the numerals,” says Appadoo. According to him, the worst of them all is one of the most commonly used of late: “Malachite is extremely difficult to work with. It contains a lot of fracture lines. And it’s made of 70 percent copper. Its cutting dust is toxic.”

Yet when it comes to stones, one of the most defining factors deciding their desirability is their surface area. In this instance, size does matter. Small watches, especially tiny, elegant pieces sized under 30mm, are alluring from a cost perspective. The most recent manufacturing shortcuts, like resorting to mosaic arrangements, have the double advantage of creating extra patterns and recycling smaller fragments of otherwise expensive material. Waste minimization and added design value are exactly what the doctor ordered.

However, the customer generally requests something altogether different: They want the wow factor, shimmer, and unique three-dimensional texture of solid hard stones. What not all of them know is just how mind-bogglingly expensive they can be.

MIND THE MOTIF

Crafting the dial of the Louis Vuitton Escale Turquoise

One of the most demanding sieves when selecting a specific stone over another is the pattern it displays. On this issue, like many others, there is an overwhelming bias coming from brands’ communication materials: They use digital renderings more often than actual photographs. When they do use photography, they select the single most prized type of stone to showcase a new model, a new collection, and their technical know-how.

In actuality, no two stones are the same, even within the same rough block. It would be a mistake to assume that the beautiful, almost perfect horizontal lining on a malachite piece you have seen on social media is what you will find in a boutique, or that the ideal gradient from cappuccino to dark brown in a tiger’s eye dial is the one actually available to you. These patterns are random and rarely perfect. It is the daunting task of the brands using them to get as close as possible to the best available quality.

When a trend hits watchmaking, it always creates the same effect: Some rush to exploit it, while others, generally the early adopters, evolve and differentiate. In the case of stone dials, the way off the beaten path is to use exotic, unknown, and even weird choices. ArtyA went so far as to use fossilized poop. Meanwhile, other independent powerhouses are exploring rare but traditional minerals to stand out.

“Our goal is to bring ever more exclusivity to our collections, using short, limited editions,” says Béchu. “Our way of doing that is to resort to stones that haven’t been used in watchmaking.”

Case in point: After utilizing marcasite, Arnold & Son turned to verdite and green Baltic amber. Rolex, a pioneer of such dials as far back as the 1960s, uses green aventurine (the actual stone, not the glass) and falcon’s eye, while Biver opts for mahogany obsidian and lavender jade.

“Each stone dial is unique,” says Jean-Claude Biver, CEO of the namesake brand. “With their help, we strive to create watches that are never the same twice. A large part of our clientele is precisely looking for such oneness.”

With more than 30 different stones currently being used in watches, that goal seems increasingly doable. As brands keep throwing pebbles into the pool of buyers, the ricochets keep spreading, with no visible end in sight.

This story was first seen as part of the WOW Summer 2026 issue.

For more on the latest in luxury watch reads, click here.

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9 Sizzling New Premium Spirits for Summer

For the world’s leading spirits and wine houses, a new release is rarely just about a new bottle design. Rather, it provides a brand a unique opportunity to revisit heritage and connect with collectors and enthusiasts, particularly in key regions. This season’s most notable alcohol launches span limited-edition bottles, new expressions and milestone anniversaries. From Roku Gin’s tea-infused seasonal expression and Veuve Clicquot’s outdoor celebrations to Penfolds Grange’s 75th anniversary collection, these new releases demonstrate the many ways luxury beverages continue to evolve and the experiential marketing strategies behind them. Across gin, whisky, Champagne and fine wine, today’s most anticipated releases highlight how heritage brands are evolving for a new generation of collectors and enthusiasts.

Roku Gin Noryo Tea Edition

Inspired by the Japanese tradition of noryo — the art of finding relief from the summer heat — The House of Suntory has expanded Roku Gin’s Seasonal Festival Collection with the limited-edition Roku Noryo Tea Edition. The release celebrates the height of the Japanese summer through two of the gin’s defining botanicals: Sencha and Gyokuro tea, both harvested at their seasonal peak to capture their freshest aromas and flavour. Building on Roku’s signature six Japanese botanicals, the expression places greater emphasis on green tea, resulting in a layered profile where delicate floral notes, citrus brightness and savoury umami are balanced by a clean, lingering finish. This sees Roku Gin Noryo Tea Edition provide a more refreshing interpretation of the classic Japanese gin, well suited to highballs and other summer serves.

The seasonal theme extends beyond the liquid itself. Embossed botanical details, tea leaf motifs and a washi paper label illustrated in soft green hues reflect Suntory’s philosophy of shun — celebrating ingredients at the moment they are at their very best. To mark the launch, Roku Gin is also bringing the concept of noryo to Singapore through immersive tasting experiences and tea-inspired cocktails, reinforcing the growing appeal of Japanese spirits.

Belvedere Vodka

Ahead of Singapore’s National Day celebrations, Belvedere Vodka is unveiling its Singapore Limited Edition bottle with the launch of its first-ever city-inspired limited-edition bottle. Designed as a tribute to Singapore after dark, the collectible release captures the city’s illuminated skyline and vibrant nightlife, celebrating the energy that unfolds across its rooftop bars, cocktail lounges and late-night dining scene. Produced at Poland’s longest-operating vodka distillery using 100 percent organic rye, Belvedere’s signature expression balances notes of almond, vanilla and white pepper with a smooth, velvety finish. While the spirit itself remains unchanged, the limited-edition bottle transforms it into a collector’s piece that reflects the city’s growing reputation as one of Asia’s leading cocktail destinations.

Accompanying the launch is a series of city-wide activations, alongside a collection of cocktail recipes designed to bring the experience home. From timeless serves such as the Belvedere Martini and Vodka Soda to fruit-forward favourites including the Lychee Martini and Cosmopolitan, the release embraces the easy-drinking spirit of summer entertaining. Both a commemorative keepsake and a seasonal gift, the Singapore Limited Edition bottle offers a distinctly local interpretation of one of the world’s best-known luxury vodkas.

Dom Pérignon Unveils Three New Vintages

Dom Pérignon has expanded its celebrated vintage portfolio with the release of three new expressions: Dom Pérignon Vintage 2017, Dom Pérignon Vintage 2008 – Plénitude 2 and Dom Pérignon Rosé 2010. Unveiled in Singapore, the trio represents how time, terroir and patient maturation continue to shape one of Champagne’s most revered houses. As with every Dom Pérignon release, each wine is produced exclusively from a single harvest, reflecting the unique conditions of its vintage rather than striving for stylistic consistency year after year. The newly released Vintage 2017 captures the character of a challenging growing season, while the 2008 Plénitude 2 reveals the added complexity and depth achieved through an extended period of ageing on the lees. Completing the collection, the Rosé 2010 offers a richer, more structured interpretation of the Maison’s signature style.

To celebrate the launch, the Maison hosted its first gathering of the Dom Pérignon Society Chefs from across Southeast Asia, bringing together acclaimed chefs from Singapore, Malaysia, Indonesia and Japan for an immersive evening centred on the theme of Harmony. Throughout August and September, specially curated pairing menus created by chefs from Saint Pierre, Burnt Ends, Butcher’s Block, Les Amis, Mauri and Potong will continue the celebration, highlighting the enduring relationship between fine Champagne and gastronomy.

Hendrick’s Gin’s Another Hendrick’s

Nearly a decade after its last permanent innovation, Hendrick’s Gin introduces Another Hendrick’s, a new expression that explores an unexpected side of the Scottish gin house. While retaining the brand’s signature cucumber and rose infusions, the new release introduces bright orange blossom and silky cacao beans, creating a more layered profile of floral freshness. Crafted at the Hendrick’s Gin Palace on Scotland’s Ayrshire coast, Another Hendrick’s reflects Master Distiller Lesley Gracie’s continued approach to unconventional flavour exploration. Inspired by the contrast between flowers and chocolate, Gracie developed a gin that combines the brightness of botanicals with the smooth depth of cacao, resulting in aromas of citrus and florals followed by a soft, velvety finish.

Presented in a distinctive white bottle, Another Hendrick’s offers a new interpretation of the brand’s familiar serves. Designed to be enjoyed in classic formats such as a gin and tonic or through more contemporary cocktails, the expression retains Hendrick’s approachable character while introducing a different sensory experience. The launch arrives in Singapore alongside Anotherland, Hendrick’s global platform celebrating curiosity and discovery. Bringing this concept to life locally, the brand will host a series of activations across the city, including Another Hendrick’s bar experiences and collaborations that invite drinkers to explore a different side of the gin. Through serves such as the Another Hendrick’s Spritz, featuring apple, prosecco, soda and cherry liqueur, the new expression offers a new take on familiar cocktails.

Penfolds Grange 75th Anniversary 

This year marks the 75th anniversary of Penfolds Grange, the flagship label that has become synonymous with Australian fine wine since its creation in 1951. Created by legendary winemaker Max Schubert, Grange has become a benchmark of Australian fine wine, renowned for its exceptional ageing potential and enduring collectability.

To commemorate the anniversary, Penfolds has unveiled a limited-edition gifting collection centred around Grange 2021, accompanied by Bin 707 Cabernet Sauvignon 2023, St Henri Shiraz 2021, Bin 389 Cabernet Shiraz 2023 and FWT 585 Cabernet Merlot Petit Verdot 2022. Each release is presented in specially commissioned packaging inspired by the traditional art of paper cutting, with layered illustrations celebrating the Year of the Horse. The Grange presentation is particularly elaborate, featuring an interactive gift box that reveals hidden artwork beneath its outer layers and includes a detachable keepsake keyring, elevating the release beyond a commemorative bottle into a collector’s edition. For collectors across Asia, the anniversary collection offers a rare opportunity to acquire one of Australian wine’s defining labels in a presentation created to mark both a cultural celebration and an important chapter in Penfolds’ history.

Minuty M Rosé Limited Edition

For summer 2026, Château Minuty once again captures the spirit of the French Riviera with a limited-edition release of its signature M Rosé. Produced from Grenache, Syrah, Cinsault and Tibouren grown across the diverse terroirs of the Côtes de Provence, the wine remains true to the estate’s hallmark Mediterranean roots. The latest vintage opens with expressive notes of white-fleshed fruit, peaches and exotic fruit before unfolding into a palate defined by freshness and a subtle saline character — a reflection of the maritime influence that shapes the vineyards surrounding Saint-Tropez. Best served well chilled, it is designed for leisurely lunches, alfresco dining and long summer evenings.

This year’s collector’s bottle also marks a creative collaboration with Italian artist Lucia Vinti, whose residency at the historic estate inspired an illustration celebrating Minuty’s 90-year heritage and the “relaxed rhythm of Provençal life”. Soft Mediterranean hues and playful motifs echo the wine’s fruit-forward profile, while an accompanying seasonal tart recipe further reinforces the Maison’s enduring connection between wine, gastronomy and the art of living, resulting in a rosé that is as visually evocative as it is refreshing, making it one of this summer’s standout tipples.

Veuve Clicquot Le Picnic

Champagne is often associated with grand celebrations, but Veuve Clicquot is bringing a more relaxed interpretation to the season with Le Picnic, transforming the classic picnic into an outdoor summer experience. Following destinations including Paris and Japan, the concept arrived in Singapore at Gardens by the Bay, where guests gathered against the backdrop of Marina Bay Sands and the Supertrees for an afternoon celebrating the Maison’s signature art de vivre. Created in collaboration with French textile house Souleiado, the experience combined colourful tablescapes, artisanal tableware and a curated selection of gourmet bites inspired by the charm of a French farmers’ market.

At the centre of the experience were two of the Maison’s most recognisable cuvées: Veuve Clicquot Yellow Label and Veuve Clicquot Brut Rosé. The former showcases the house’s signature balance through notes of white fruit, citrus and brioche, while the latter offers a fresher expression with aromas of red fruit and subtle spice. Extending beyond a single event, Le Picnic continues across Singapore through seasonal gatherings at Shangri-La Orchard and Tanjong Beach Club.

Special Mentions:

Toki Suntory Whisky

While whisky may not be the first spirit associated with summer, the growing popularity of refreshing highballs and lighter whisky cocktails have broadened its seasonal appeal. Bringing together the distinct characters of Hakushu, Yamazaki and Chita, Toki Suntory Whisky marks the Singapore debut of one of The House of Suntory’s most versatile expressions. Created by Suntory’s fourth Chief Blender Shinji Fukuyo, Toki — meaning “time” in Japanese — reflects the balance between preserving heritage and embracing reinvention. The whisky combines the fresh, herbal character of Hakushu malt, the depth of Yamazaki malts and the smooth sweetness of Chita grain whisky, resulting in a bright and approachable profile with notes of green apple, basil, honey, grapefruit and gentle spice.

Designed for versatility, Toki can be enjoyed neat, over ice or in a highball, a serve deeply embedded in Japan’s casual drinking culture. To mark its Singapore launch, The House of Suntory is bringing this idea to life through Toki Time, a listening bar experience at Pop City by Jigger & Pony Group that pairs Japanese whisky with contemporary music and cocktail culture. Running throughout July and August, the series explores different chapters of Japanese-inspired sounds, from City Pop and Kayōkyoku to Shibuya Nu-Jazz and electronic influences, alongside exclusive creations including the Salted Citrus Highball, Apricot Whisky Sour and Pocky Old Fashioned. Through this fusion of whisky, music and nightlife, Toki introduces a new way to experience Japanese whisky.

Highland Park 18-Year-Old

Highland Park has introduced a refreshed identity for its core whisky collection, with the 18-Year-Old leading a redesign that places the distillery’s Orkney origins firmly at the forefront. While the award-winning single malt remains unchanged, the updated presentation celebrates the distinctive island environment that has shaped Highland Park’s whisky for more than two centuries. Distilled in Kirkwall since 1798, Highland Park is renowned for its use of Orkney’s unique heather-rich peat, which lends the whisky its signature aromatic smokiness. Matured predominantly in first-fill sherry-seasoned European oak casks, the 18-Year-Old offers layers of dried fruit, warming spice and subtle smoke, balanced by remarkable smoothness that has made it one of the distillery’s most acclaimed expressions.

The new packaging reflects these origins through a cleaner, contemporary design inspired by Orkney’s dramatic coastlines, long summer days and distinctive natural light. Heather-flecked labels, woodgrain-inspired detailing and a “Product of Orkney” mark embossed into the bottle reinforce the whisky’s sense of place, while fully recyclable cartons underline the distillery’s continued sustainability efforts. It is a thoughtful evolution for one of Scotland’s most recognisable single malts, reminding drinkers that Highland Park’s greatest point of difference has always been the island it calls home.

For more on the latest in alcohol and luxury spirits stories, click here.

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Monday, July 20, 2026

Böker Drops New Naturensöhne MK II NXT Multi-Functional Folder

Naturensöhne MK II NXT packs a Sandvik 12C27 steel blade, a wood saw, tweezers, reamer/awl, toothpick, and combi pliers into the handle.

from Men's Gear

MoonSwatch Mission to the Moon 1969: Minimalist And Elegant

Turn the OMEGA x Swatch MoonSwatch Mission to the Moon 1969 over to see a golden moon emblem on the battery cover.

from Men's Gear

KUMO’s Urban Comfort E-Bike Is Ready For City Commuting

Other ergonomic elements of KUMO's Urban Comfort are the angle-adjustable A-Head with Sportiv handlebars and Selle ROYAL Essenza saddle.

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BYDFi Perpetual Futures: Why Funding Rates Matter for Crypto Traders in 2026

Regulatory pressure on perpetual swap disclosures has pushed major derivatives venues to rethink how they explain funding rate mechanics to retail users. That shift — paired with crypto derivatives claiming a larger share of total exchange volume — has elevated perpetual futures funding rates from an obscure line item to a cost variable that can make or break a position.

Why Perpetual Futures Funding Rates Demand Attention Now

Perpetual contracts don’t expire, so there’s no natural mechanism pulling the contract price toward spot. Funding rates fill that void: periodic payments exchanged between long and short holders to keep the perpetual price tethered to spot. When the contract trades above spot, longs pay shorts. Below spot, the reverse.

Understanding funding rates for crypto traders has gone from nice-to-know to essential. Derivative position cost structures directly eat into net returns — and in perpetuals, funding is the single largest variable cost after trading fees. CoinDesk’s derivatives coverage shows aggregate perpetual open interest growing substantially through 2025–2026, making funding rate dynamics increasingly consequential.

How the Funding Rate Mechanism Works in Practice

BYDFi uses the industry-standard 8-hour funding cycle with no proprietary twists, so traders can apply universal funding rate strategies without platform-specific quirks.

When the funding rate is positive, long positions pay funding every 8 hours; when negative, short positions pay. For multi-day longs, positive funding creates a recurring compounding cost.

What gets underestimated: at higher leverage, funding costs eat a proportionally larger share of available margin. A funding rate on a 10x leveraged position hits considerably harder than on 2x. BYDFi offers 1x to 200x leverage — great for flexibility but making funding rate awareness critical at the upper end.

Fees and True Position Cost

Trading fees and funding rates are separate cost layers. BYDFi’s fee structure starts at 0.06% taker / 0.02% maker at VIP 0, scaling to 0.032% / 0.008% at VIP 6 — among the lower-fee schedules in the mid-size exchange category. The 7-tier VIP program offers up to 60% futures fee discount based on 30-day volume or asset balance.

Higher VIP tiers meaningfully cut the non-funding portion of your cost structure, but funding rates remain independent of VIP status. To calculate true multi-day position cost, sum both.

Tools for Managing Funding Rate Exposure

BYDFi offers three perpetual futures margin modes — USDT-M, USDC-M (launched August 2025), and COIN-M — each with Cross and Isolated margin options. Margin denomination matters: a COIN-M position’s funding cost fluctuates with the underlying asset’s value, adding another variable.

In December 2024, BYDFi upgraded its perpetuals system to support bi-directional long/short hedging on the same pair, plus shared funds in full-margin mode. That upgrade directly enables delta-neutral strategies where traders hold offsetting positions to capture funding rate differentials.

A trader holding spot BTC can open a BTC short on BYDFi perpetual futures to offset downside risk while collecting funding payments during negative funding rate periods, though rates are variable and never guaranteed. This hedging approach extends beyond majors into mid-cap and long-tail pairs where funding rate dislocations tend to be more pronounced.

Order types include Limit, Market, Stop Limit, Stop Market, Take Profit/Stop Loss, Reduce-Only, and GTC — enough granularity for timed entries around funding rate snapshots.

Onboarding and Alternatives for Funding Rate Beginners

BYDFi’s 50,000 USDT demo account supports USDT-M and Coin-M perpetuals with the full 1x–200x leverage range — experience three complete funding cycles in a single day without risking real capital.

For traders who find active funding management overwhelming, BYDFi’s Perpetual Smart Copy Trading (launched August 2025) lets users automatically replicate positions from selected lead traders with proportional order sizing and isolated positions, starting from $10. Past performance doesn’t guarantee future results. The Futures Grid bot offers another angle for range-bound markets where funding rate direction isn’t clear.

BYDFi has operated for six years (2020–2026), which holds licenses in multiple jurisdictions, and publishes Hacken-audited Proof of Reserves reports — the most recent showing reserve ratios above 150% for BTC, ETH, and USDT at audit time. 

What to Watch Next

Three signals will determine whether funding rates become even more consequential through late 2026:

  • Institutional derivatives allocation crossing 40% of total crypto exchange volume — that threshold would structurally compress funding rate spreads and shrink retail arbitrage opportunities.
  • BTC perpetual funding rates sustaining elevated levels for extended periods — forcing multi-day holders to fundamentally rethink position sizing.

For more on the latest in business reads, click here.

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