Current funding rate for $CTSI : -0.576% (settled every 8 hours). Shorts pay.
A beginner’s question: What is a funding rate?
When the contract price is higher than the spot index, the rate is usually positive, and longs pay. When it’s lower than the spot price, the rate is often negative, and shorts pay.
Some people also treat extreme funding rates as contrarian indicators, but historically, prices have sometimes continued moving in one direction even after funding rates became extreme.
Understanding an indicator helps you avoid being misled by the numbers; it’s not a way to predict whether prices will rise or fall.
#CTSI
Just my personal perspective—it may not be accurate, so take it with caution.
A beginner’s question: What is a funding rate?
When the contract price is higher than the spot index, the rate is usually positive, and longs pay. When it’s lower than the spot price, the rate is often negative, and shorts pay.
Some people also treat extreme funding rates as contrarian indicators, but historically, prices have sometimes continued moving in one direction even after funding rates became extreme.
Understanding an indicator helps you avoid being misled by the numbers; it’s not a way to predict whether prices will rise or fall.
#CTSI
Just my personal perspective—it may not be accurate, so take it with caution.