$BLESS Latest funding rate: +0.0392% (settled every 4 hours); longs pay. Simply annualized based on this period, that’s about 85.8%.
Let’s use this data to break down funding rates.
When the contract price is above the spot index, the rate is often positive and longs pay; when it’s below spot, the rate is often negative and shorts pay.
Many people focus more on how long the rate has persisted: extreme values sustained for several consecutive periods are more meaningful than a single spike.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
Let’s use this data to break down funding rates.
When the contract price is above the spot index, the rate is often positive and longs pay; when it’s below spot, the rate is often negative and shorts pay.
Many people focus more on how long the rate has persisted: extreme values sustained for several consecutive periods are more meaningful than a single spike.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
