๐Ÿ’ธ Understanding Funding Fees in Futures Trading ๐Ÿ’ธ

Just checked my funding & transaction stats ๐Ÿ‘€
๐Ÿ”น Total Paid Funding Fee: $2.43
๐Ÿ”น Total Received Funding Fee: $0.19
๐Ÿ”น Net Funding Fee: -$2.24
๐Ÿ”น Transaction Fees: $21.89

Can someone explain how exactly funding fees work and how I can avoid paying more? ๐Ÿง 
Do funding rates always depend on long vs short positions?

Letโ€™s discuss! ๐Ÿ’ฌ
#Binance #BTCPrediction #CryptoTrading #Futures #LearnCrypto