$MINA Current funding rate: -0.2% (settled every 8 hours). Shorts pay. Simply annualized based on this period, it's approximately 219.3%.
Let's use this data to talk about funding rates.
The annualized rate is just this period's rate multiplied by the number of periods in a year. Rates change every period, so don't treat the annualized figure as a certainty.
Many people care more about how long the rate has persisted: staying at an extreme for several consecutive periods is more meaningful than a single spike.
It's much safer to calculate your position size based on where you place your stop-loss than to trade on gut feeling.
#MINA
Your ideas may be wrong at any time. Please manage your own risk.
Let's use this data to talk about funding rates.
The annualized rate is just this period's rate multiplied by the number of periods in a year. Rates change every period, so don't treat the annualized figure as a certainty.
Many people care more about how long the rate has persisted: staying at an extreme for several consecutive periods is more meaningful than a single spike.
It's much safer to calculate your position size based on where you place your stop-loss than to trade on gut feeling.
#MINA
Your ideas may be wrong at any time. Please manage your own risk.