Just saw: $MINA latest funding rate: -0.14% (settled every 8 hours), shorts pay.
People often ask what the funding rate means. Here’s how I understand it.
Perpetual contracts have no expiration date. The funding rate helps keep the contract price close to the spot price: longs and shorts pay each other a fee at regular intervals.
Many people pay more attention to how long the rate has stayed at a certain level: several consecutive periods at an extreme level are more meaningful than a single spike.
Don’t change your usual strategy based on one indicator, and don’t use borrowed money to test a reading.
#MINA
Just a market note. Make your own trading decisions.
People often ask what the funding rate means. Here’s how I understand it.
Perpetual contracts have no expiration date. The funding rate helps keep the contract price close to the spot price: longs and shorts pay each other a fee at regular intervals.
Many people pay more attention to how long the rate has stayed at a certain level: several consecutive periods at an extreme level are more meaningful than a single spike.
Don’t change your usual strategy based on one indicator, and don’t use borrowed money to test a reading.
#MINA
Just a market note. Make your own trading decisions.