Market notes: The current funding rate for $MAGIC is -0.0711% (settled every 4 hours), so shorts pay.
Short sellers are paying the toll; I’m just here to listen in.
For a bit of serious educational info: funding is calculated by multiplying the position’s notional value by the rate. For a position with a notional value of 10,000 U, a rate of 0.01% means a payment of 1 U per interval.
Sizing your position based on where you place your stop-loss is much more reliable than just guessing.
#MAGIC
Volatility is high, so manage your leverage carefully.
Short sellers are paying the toll; I’m just here to listen in.
For a bit of serious educational info: funding is calculated by multiplying the position’s notional value by the rate. For a position with a notional value of 10,000 U, a rate of 0.01% means a payment of 1 U per interval.
Sizing your position based on where you place your stop-loss is much more reliable than just guessing.
#MAGIC
Volatility is high, so manage your leverage carefully.