$SOPH ｜Funding rate -0.514%｜Shorts pay｜Current price 0.0019
Before looking at positions, first understand the funding rate.
Only those holding positions at settlement participate in paying or receiving funding. Positions closed before settlement neither pay nor receive it.
The rate only indicates the imbalance between longs and shorts in the futures market; it does not represent spot demand.
All indicators summarize past market movements, and prices can move in the opposite direction.
Before looking at positions, first understand the funding rate.
Only those holding positions at settlement participate in paying or receiving funding. Positions closed before settlement neither pay nor receive it.
The rate only indicates the imbalance between longs and shorts in the futures market; it does not represent spot demand.
All indicators summarize past market movements, and prices can move in the opposite direction.
