Kane777_
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Kane777_
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Block User
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High-Frequency Trader
6.2 Years
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Article
Who Pays Whom in Funding? A Complete GuideIf you hold a perpetual contract for a while, you may notice your balance changing every few hours. This payment is called funding. It’s not a fee charged by the platform, but a payment exchanged between long and short position holders.
Coins mentioned in this article: $BTC Current price: 83,700 (24h +0.82%).
【Why Is Funding Needed?】
Futures contracts are settled all at once when they expire, so their prices naturally converge with spot prices. Perpetual contracts have no expiry date, so another mechanism is needed to keep their prices from deviating from spot prices over the long term. Funding is that mechanism.
When the contract price is higher than the spot price, the funding rate is usually positive: longs pay shorts, making it more expensive to hold a long position. When the contract price is lower than the spot price, the rate is usually negative, and the payment direction is reversed. Changes in the cost of holding positions help push the contract price toward the spot price.
Who Pays Whom in Funding? A Complete Guide
If you hold a perpetual contract for a while, you may notice your balance changing every few hours. This payment is called funding. It’s not a fee charged by the platform, but a payment exchanged between long and short position holders.
Coins mentioned in this article: $BTC Current price: 83,700 (24h +0.82%).
【Why Is Funding Needed?】
Futures contracts are settled all at once when they expire, so their prices naturally converge with spot prices. Perpetual contracts have no expiry date, so another mechanism is needed to keep their prices from deviating from spot prices over the long term. Funding is that mechanism.
When the contract price is higher than the spot price, the funding rate is usually positive: longs pay shorts, making it more expensive to hold a long position. When the contract price is lower than the spot price, the rate is usually negative, and the payment direction is reversed. Changes in the cost of holding positions help push the contract price toward the spot price.
Coins mentioned in this article: $BTC Current price: 83,700 (24h +0.82%).
【Why Is Funding Needed?】
Futures contracts are settled all at once when they expire, so their prices naturally converge with spot prices. Perpetual contracts have no expiry date, so another mechanism is needed to keep their prices from deviating from spot prices over the long term. Funding is that mechanism.
When the contract price is higher than the spot price, the funding rate is usually positive: longs pay shorts, making it more expensive to hold a long position. When the contract price is lower than the spot price, the rate is usually negative, and the payment direction is reversed. Changes in the cost of holding positions help push the contract price toward the spot price.
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The price is back at the average entry price. Why haven't I broken even yet?
Funding fees paid while holding a position also count as costs. The longer you hold, the more fees you need to make up; funding fees received can offset some of them.
The break-even price is the price at which you truly break even after accounting for both trading fees and funding fees. For a long position, it's generally higher than the average entry price; for a short position, it's lower.
Coin mentioned in the topic: $BTC at 83928.02 (24h +1.12%).
The price is back at the average entry price. Why haven't I broken even yet?
Funding fees paid while holding a position also count as costs. The longer you hold, the more fees you need to make up; funding fees received can offset some of them.
The break-even price is the price at which you truly break even after accounting for both trading fees and funding fees. For a long position, it's generally higher than the average entry price; for a short position, it's lower.
Coin mentioned in the topic: $BTC at 83928.02 (24h +1.12%).
Funding fees paid while holding a position also count as costs. The longer you hold, the more fees you need to make up; funding fees received can offset some of them.
The break-even price is the price at which you truly break even after accounting for both trading fees and funding fees. For a long position, it's generally higher than the average entry price; for a short position, it's lower.
Coin mentioned in the topic: $BTC at 83928.02 (24h +1.12%).
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Structure Analysis｜$OGN
5 min -2.6%, 4h +6.12%, 24h +3.38%
Don’t casually add to your position to average down during a decline; often, the more you add, the worse it feels.
#OGN
Structure Analysis｜$OGN
5 min -2.6%, 4h +6.12%, 24h +3.38%
Don’t casually add to your position to average down during a decline; often, the more you add, the worse it feels.
#OGN
5 min -2.6%, 4h +6.12%, 24h +3.38%
Don’t casually add to your position to average down during a decline; often, the more you add, the worse it feels.
#OGN
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Honestly, a friend just sent me a screenshot: $US —it was up 3.36% in 15 minutes—and asked if I thought they should chase it.
I said: I don’t know where it’s headed next, but I do know I only make a move when I understand what I’m looking at. The pace isn’t too crazy, so it might be worth watching a little longer.
Current price: 0.01738, 24h: -34.73%. How would you reply to this friend?
Not investment advice.
Honestly, a friend just sent me a screenshot: $US —it was up 3.36% in 15 minutes—and asked if I thought they should chase it.
I said: I don’t know where it’s headed next, but I do know I only make a move when I understand what I’m looking at. The pace isn’t too crazy, so it might be worth watching a little longer.
Current price: 0.01738, 24h: -34.73%. How would you reply to this friend?
Not investment advice.
I said: I don’t know where it’s headed next, but I do know I only make a move when I understand what I’m looking at. The pace isn’t too crazy, so it might be worth watching a little longer.
Current price: 0.01738, 24h: -34.73%. How would you reply to this friend?
Not investment advice.
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How can the same coin have several contracts, all with different prices?
Definition: Delivery contracts don’t pay or receive funding fees. The price difference between a contract and the spot price is called the basis. The closer the contract is to expiry, the smaller the basis generally becomes.
Why: Delivery contracts bring their prices in line with spot through settlement at expiry. Perpetual contracts don’t expire, so funding fees serve a similar anchoring function.
Compare with the market: $BTC is quoted at 83022 (24h +0.62%).
Leverage magnifies the outcome; it doesn’t make your judgment more accurate. The higher the leverage, the less room you have for error.
Don’t treat this as a basis for trading decisions.
How can the same coin have several contracts, all with different prices?
Definition: Delivery contracts don’t pay or receive funding fees. The price difference between a contract and the spot price is called the basis. The closer the contract is to expiry, the smaller the basis generally becomes.
Why: Delivery contracts bring their prices in line with spot through settlement at expiry. Perpetual contracts don’t expire, so funding fees serve a similar anchoring function.
Compare with the market: $BTC is quoted at 83022 (24h +0.62%).
Leverage magnifies the outcome; it doesn’t make your judgment more accurate. The higher the leverage, the less room you have for error.
Don’t treat this as a basis for trading decisions.
Definition: Delivery contracts don’t pay or receive funding fees. The price difference between a contract and the spot price is called the basis. The closer the contract is to expiry, the smaller the basis generally becomes.
Why: Delivery contracts bring their prices in line with spot through settlement at expiry. Perpetual contracts don’t expire, so funding fees serve a similar anchoring function.
Compare with the market: $BTC is quoted at 83022 (24h +0.62%).
Leverage magnifies the outcome; it doesn’t make your judgment more accurate. The higher the leverage, the less room you have for error.
Don’t treat this as a basis for trading decisions.
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$JCT broke through the 0.003 mark. The last time it was at this level was 56 days ago.
Friends around me asked whether I was going to make a move. My answer: Let’s wait and see.
Make your own decisions about buying and selling—don’t follow the crowd.
$JCT broke through the 0.003 mark. The last time it was at this level was 56 days ago.
Friends around me asked whether I was going to make a move. My answer: Let’s wait and see.
Make your own decisions about buying and selling—don’t follow the crowd.
Friends around me asked whether I was going to make a move. My answer: Let’s wait and see.
Make your own decisions about buying and selling—don’t follow the crowd.
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📊 $CFX New High on Surging Volume — Data Card
· Timeframe: Past 90 days
· Previous high: 0.05783
· Current price: 0.05871
· Trading volume multiple: 16× (vs. 20-day average)
· 24h change: +19.45%
· 24h trading volume: $15.09 million
Do you think the market has priced this in fully?
#CFX
In a highly volatile market, manage your risk first.
📊 $CFX New High on Surging Volume — Data Card
· Timeframe: Past 90 days
· Previous high: 0.05783
· Current price: 0.05871
· Trading volume multiple: 16× (vs. 20-day average)
· 24h change: +19.45%
· 24h trading volume: $15.09 million
Do you think the market has priced this in fully?
#CFX
In a highly volatile market, manage your risk first.
· Timeframe: Past 90 days
· Previous high: 0.05783
· Current price: 0.05871
· Trading volume multiple: 16× (vs. 20-day average)
· 24h change: +19.45%
· 24h trading volume: $15.09 million
Do you think the market has priced this in fully?
#CFX
In a highly volatile market, manage your risk first.
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🐋 $PUMP hit a new 24-hour high, with strong buying activity.
Current price: 0.005688, above the previous high of 0.00565. 24-hour trading volume: $19.14 million.
Short stop-loss orders tend to cluster near new highs, and holding above this level could trigger short covering. However, watch out for a spike followed by a pullback.
#PUMP
Personal observation only; not investment advice.
🐋 $PUMP hit a new 24-hour high, with strong buying activity.
Current price: 0.005688, above the previous high of 0.00565. 24-hour trading volume: $19.14 million.
Short stop-loss orders tend to cluster near new highs, and holding above this level could trigger short covering. However, watch out for a spike followed by a pullback.
#PUMP
Personal observation only; not investment advice.
Current price: 0.005688, above the previous high of 0.00565. 24-hour trading volume: $19.14 million.
Short stop-loss orders tend to cluster near new highs, and holding above this level could trigger short covering. However, watch out for a spike followed by a pullback.
#PUMP
Personal observation only; not investment advice.
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One of the hottest discussions on the Square right now: “The State Council proposes building a national blockchain network.” Related: $BTC (-0.14%). Who do you think will be next?
#BTC #国务院提出建设国家区块链网络
This is not a recommendation. Make your own decisions.
One of the hottest discussions on the Square right now: “The State Council proposes building a national blockchain network.” Related: $BTC (-0.14%). Who do you think will be next?
#BTC #国务院提出建设国家区块链网络
This is not a recommendation. Make your own decisions.
#BTC #国务院提出建设国家区块链网络
This is not a recommendation. Make your own decisions.
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Just checked the long/short ratio for $LUMIA : the all-account ratio is 1.74, with more accounts going long.
When most people are betting on the same side, a move in the opposite direction can trigger a chain of stop-losses, increasing volatility.
#LUMIA
The data is from public sources—please verify it yourself.
Just checked the long/short ratio for $LUMIA : the all-account ratio is 1.74, with more accounts going long.
When most people are betting on the same side, a move in the opposite direction can trigger a chain of stop-losses, increasing volatility.
#LUMIA
The data is from public sources—please verify it yourself.
When most people are betting on the same side, a move in the opposite direction can trigger a chain of stop-losses, increasing volatility.
#LUMIA
The data is from public sources—please verify it yourself.
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“F1 Singapore Sprint” is trending.
As soon as it hits the trending list, another line gets added to my watchlist, while my order history is still completely blank.
$ALPINE 24h +0.16%. Share your take in the comments.
Personal notes, not investment advice.
“F1 Singapore Sprint” is trending.
As soon as it hits the trending list, another line gets added to my watchlist, while my order history is still completely blank.
$ALPINE 24h +0.16%. Share your take in the comments.
Personal notes, not investment advice.
As soon as it hits the trending list, another line gets added to my watchlist, while my order history is still completely blank.
$ALPINE 24h +0.16%. Share your take in the comments.
Personal notes, not investment advice.
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Watch the money, not the news.
USDD appeared at Cointelegraph CONNECT Singapore to discuss
For this kind of news, major players generally don’t say much; to spot a real signal, you have to wait for capital to move first.
$BNB 24h trading volume: $54.26 million, 24h +0.97%. Do you buy that?
#BNB
This does not constitute any investment advice. Risk is your own.
Watch the money, not the news.
USDD appeared at Cointelegraph CONNECT Singapore to discuss
For this kind of news, major players generally don’t say much; to spot a real signal, you have to wait for capital to move first.
$BNB 24h trading volume: $54.26 million, 24h +0.97%. Do you buy that?
#BNB
This does not constitute any investment advice. Risk is your own.
USDD appeared at Cointelegraph CONNECT Singapore to discuss
For this kind of news, major players generally don’t say much; to spot a real signal, you have to wait for capital to move first.
$BNB 24h trading volume: $54.26 million, 24h +0.97%. Do you buy that?
#BNB
This does not constitute any investment advice. Risk is your own.
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The latest episode of the crypto market sitcom: BTC has stronger near-term bids; Binance spot bids total $11.6122 million, $3.9568 million more than asks.
My three stages of scrolling through breaking news: see the headline: wow; read the story: oh; check the chart: okay then.
$BTC , keep your eyes peeled. Anyone who drops a 1 is a fellow chart-watcher pulling an all-nighter.
#BTC
Markets move fast, so make your own judgments.
The latest episode of the crypto market sitcom: BTC has stronger near-term bids; Binance spot bids total $11.6122 million, $3.9568 million more than asks.
My three stages of scrolling through breaking news: see the headline: wow; read the story: oh; check the chart: okay then.
$BTC , keep your eyes peeled. Anyone who drops a 1 is a fellow chart-watcher pulling an all-nighter.
#BTC
Markets move fast, so make your own judgments.
My three stages of scrolling through breaking news: see the headline: wow; read the story: oh; check the chart: okay then.
$BTC , keep your eyes peeled. Anyone who drops a 1 is a fellow chart-watcher pulling an all-nighter.
#BTC
Markets move fast, so make your own judgments.
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It moved, it moved — the candlestick chart finally reacted!
$STRK 5 minutes of sharp decline, down 3.49%🥶
After a sharp drop, a period of consolidation is usually the beginning of stabilization; a direct V-shaped reversal is actually rare.
Ideas can be wrong at any time, so please manage the risk yourself.
It moved, it moved — the candlestick chart finally reacted!
$STRK 5 minutes of sharp decline, down 3.49%🥶
After a sharp drop, a period of consolidation is usually the beginning of stabilization; a direct V-shaped reversal is actually rare.
Ideas can be wrong at any time, so please manage the risk yourself.
$STRK 5 minutes of sharp decline, down 3.49%🥶
After a sharp drop, a period of consolidation is usually the beginning of stabilization; a direct V-shaped reversal is actually rare.
Ideas can be wrong at any time, so please manage the risk yourself.
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$AAVE breaks through 170 | Current price 169.87 | 24h +2.32%
$AAVE breaks through 170 | Current price 169.87 | 24h +2.32%
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$AIN 1st AIN -10.34% | Ranked on 5 lists | Current price 0.04073
$AIN 1st AIN -10.34% | Ranked on 5 lists | Current price 0.04073
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“Securitize’s stock price rose over 10% after it launched tokenized U.S. stocks”—this discussion is pretty lively, with 131,000 views already.
Attention from outside crypto often takes time to translate into token prices, and it might not translate at all. $BTC I’ll keep watching.
#BTC
Just my personal perspective; I may not be right, so take it with a grain of salt.
“Securitize’s stock price rose over 10% after it launched tokenized U.S. stocks”—this discussion is pretty lively, with 131,000 views already.
Attention from outside crypto often takes time to translate into token prices, and it might not translate at all. $BTC I’ll keep watching.
#BTC
Just my personal perspective; I may not be right, so take it with a grain of salt.
Attention from outside crypto often takes time to translate into token prices, and it might not translate at all. $BTC I’ll keep watching.
#BTC
Just my personal perspective; I may not be right, so take it with a grain of salt.
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Let’s talk about $JCT just now: 5 minutes, -3.33%.
After a sharp drop, a period of sideways trading is often the beginning of stabilization; a direct V-shaped reversal is less common. Friends around me asked whether I should make a move. My answer was: let’s wait and see.
#JCT
Don’t treat any of this as a basis for trading decisions.
Let’s talk about $JCT just now: 5 minutes, -3.33%.
After a sharp drop, a period of sideways trading is often the beginning of stabilization; a direct V-shaped reversal is less common. Friends around me asked whether I should make a move. My answer was: let’s wait and see.
#JCT
Don’t treat any of this as a basis for trading decisions.
After a sharp drop, a period of sideways trading is often the beginning of stabilization; a direct V-shaped reversal is less common. Friends around me asked whether I should make a move. My answer was: let’s wait and see.
#JCT
Don’t treat any of this as a basis for trading decisions.
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$BTC 24h +1.87%, trading volume 1.443 billion | Losses from the Ledger security incident are nearing $90 million; Tether is freezing large amounts of USDT in the addresses involved.
Look at futures open interest and spot buying separately: rallies driven by spot demand are more stable. Once bad news is out, uncertainty actually decreases—but wait for the price to signal a direction.
Whether to buy is up to you; this is just a record.
$BTC 24h +1.87%, trading volume 1.443 billion | Losses from the Ledger security incident are nearing $90 million; Tether is freezing large amounts of USDT in the addresses involved.
Look at futures open interest and spot buying separately: rallies driven by spot demand are more stable. Once bad news is out, uncertainty actually decreases—but wait for the price to signal a direction.
Whether to buy is up to you; this is just a record.
Look at futures open interest and spot buying separately: rallies driven by spot demand are more stable. Once bad news is out, uncertainty actually decreases—but wait for the price to signal a direction.
Whether to buy is up to you; this is just a record.
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Guys, check this out: CFTC Chair Mike Selig: Crypto regulatory framework aims to prevent FTX-style fraud
When bad news hits, the last thing you want is to panic and add to your positions at the same time. Get your bearings first. The market isn’t looking too friendly right now 🥶—stay calm and check your positions!
$BTC
#BTC
NFA, DYOR.
Guys, check this out: CFTC Chair Mike Selig: Crypto regulatory framework aims to prevent FTX-style fraud
When bad news hits, the last thing you want is to panic and add to your positions at the same time. Get your bearings first. The market isn’t looking too friendly right now 🥶—stay calm and check your positions!
$BTC
#BTC
NFA, DYOR.
When bad news hits, the last thing you want is to panic and add to your positions at the same time. Get your bearings first. The market isn’t looking too friendly right now 🥶—stay calm and check your positions!
$BTC
#BTC
NFA, DYOR.
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#ArgentinaCentralBankWillNotPushCryptoIntoBankingForTwoYears
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