‼️ $SKL funding rate dropped to -0.515%🧊
Don’t rush in—understand funding rates before you act👇
Funding fees are calculated by multiplying the position’s notional value by the funding rate: for a position with a notional value of 10,000 U, a 0.01% rate means a 1 U fee per funding period.
For leveraged positions, first work out whether you can withstand the worst-case scenario, then check what the indicators are saying.
#SKL
Markets change quickly. Make your own assessment.
Don’t rush in—understand funding rates before you act👇
Funding fees are calculated by multiplying the position’s notional value by the funding rate: for a position with a notional value of 10,000 U, a 0.01% rate means a 1 U fee per funding period.
For leveraged positions, first work out whether you can withstand the worst-case scenario, then check what the indicators are saying.
#SKL
Markets change quickly. Make your own assessment.