$AXL Latest funding rate: -0.052% (settled every 4 hours); shorts pay.
While we’re on the subject, let’s talk about funding rates.
The annualized rate is simply this period’s rate multiplied by 365 days’ worth of periods. The rate changes each period, so don’t treat it as the actual cost for a year.
An extreme rate doesn’t mean a reversal is imminent; overheated sentiment can sometimes keep building for a while.
Calculating your order size based on where you place your stop-loss is much more reliable than choosing a position size by gut feel.
#AXL
While we’re on the subject, let’s talk about funding rates.
The annualized rate is simply this period’s rate multiplied by 365 days’ worth of periods. The rate changes each period, so don’t treat it as the actual cost for a year.
An extreme rate doesn’t mean a reversal is imminent; overheated sentiment can sometimes keep building for a while.
Calculating your order size based on where you place your stop-loss is much more reliable than choosing a position size by gut feel.
#AXL