Bottom line: funding rates are positive on both major NMR exchanges, so longs pay shorts at the current rate—about 11% annualized.
The latest rates on Binance and OKX are both +0.005%, which works out to about 11% a year with settlement every four hours. The rate isn’t out of control, but long positions remain crowded, and even sideways trading can gradually eat into returns.
NMR data is available from 10 exchanges, and rates are around +0.005% on all the major ones—not just a single platform acting up. Before chasing longs ahead of the market open, first see whether the price can keep climbing; if it stalls, carrying costs will start to weigh on you.
Will you keep going long, or wait for the funding rate to come down?
$NMR $BTC
View in real time: https://www.coinboss.com/funding-rate