📐 Latest data: $OGN ｜Funding rate: -0.24%｜Shorts pay｜Current price: 0.03805
· What it is: You can think of the funding rate as a toll for holding a position: whichever side pushes the futures price away from the spot price usually pays.
· How to read it: When the rate returns to normal, it’s generally because the price has fallen or the crowded side has closed positions. To tell which, look at how open interest moves afterward.
Before taking a leveraged position, first work out whether you can withstand the worst-case outcome, then consider what the indicators are saying.
#OGN
· What it is: You can think of the funding rate as a toll for holding a position: whichever side pushes the futures price away from the spot price usually pays.
· How to read it: When the rate returns to normal, it’s generally because the price has fallen or the crowded side has closed positions. To tell which, look at how open interest moves afterward.
Before taking a leveraged position, first work out whether you can withstand the worst-case outcome, then consider what the indicators are saying.
#OGN