A negative funding rate does not mean the market is bound to rise
At 16:10 Beijing time on October 7, the latest price for Binance BTCUSDT perpetual was about 84,018 USDT, with a 24-hour high/low of 86,664.9 / 83,500.0. The funding rate was -0.003915%, and the next settlement was around 16:00 (refer to the countdown on the contract page); open interest was about 96,142.328 BTC. A negative rate usually means shorts pay longs, but the rate shown at settlement is final.
Here’s a cost example: If you hold a position with a notional value of 1,000 USDT through settlement, and the rate remains unchanged, the funding fee would be about 1,000×0.00003915=0.03915 USDT. This is based on notional value, not margin. The rate can change, and fees, slippage, and price fluctuations must also be factored in. Funding only indicates the temporary cost associated with the long/short positioning structure; it is not a directional signal, and certainly shouldn’t be used on its own as a reason to open a position.
Before placing an order, do you check the notional value first, or only look at the margin?
$BTC #合约教程 #FundingRate
At 16:10 Beijing time on October 7, the latest price for Binance BTCUSDT perpetual was about 84,018 USDT, with a 24-hour high/low of 86,664.9 / 83,500.0. The funding rate was -0.003915%, and the next settlement was around 16:00 (refer to the countdown on the contract page); open interest was about 96,142.328 BTC. A negative rate usually means shorts pay longs, but the rate shown at settlement is final.
Here’s a cost example: If you hold a position with a notional value of 1,000 USDT through settlement, and the rate remains unchanged, the funding fee would be about 1,000×0.00003915=0.03915 USDT. This is based on notional value, not margin. The rate can change, and fees, slippage, and price fluctuations must also be factored in. Funding only indicates the temporary cost associated with the long/short positioning structure; it is not a directional signal, and certainly shouldn’t be used on its own as a reason to open a position.
Before placing an order, do you check the notional value first, or only look at the margin?
$BTC #合约教程 #FundingRate