Latest data: $SAND ｜Funding rate: -0.695%｜Shorts pay
Meaning: Funding fees are calculated by multiplying a position’s notional value by the rate. For a position with a notional value of 10,000 U, a rate of 0.01% means paying or receiving 1 U per funding interval.
How to read it: The farther the rate deviates from normal, the more crowded one side’s positions are. If the price moves in the opposite direction, the risk of a cascade of stop-losses increases.
Don’t let a single number disrupt your usual routine, and never gamble on a particular reading with borrowed money.
Meaning: Funding fees are calculated by multiplying a position’s notional value by the rate. For a position with a notional value of 10,000 U, a rate of 0.01% means paying or receiving 1 U per funding interval.
How to read it: The farther the rate deviates from normal, the more crowded one side’s positions are. If the price moves in the opposite direction, the risk of a cascade of stop-losses increases.
Don’t let a single number disrupt your usual routine, and never gamble on a particular reading with borrowed money.