I only realized after paying too much tuition: read the manual first.
Today’s lesson: perpetual and delivery contracts.
Delivery contracts don’t have funding fees. The price difference between a contract and the spot price is called the basis. The closer the contract gets to expiry, the more the basis generally tends toward zero.
When holding a perpetual contract for a long time, factor accumulated funding fees into your position cost. Don’t just look at price movements.
Back to the market: $BTC is currently at 82994, up 0.56% over 24 hours.
#BTC
How you trade is up to you; I’m just sharing.
Today’s lesson: perpetual and delivery contracts.
Delivery contracts don’t have funding fees. The price difference between a contract and the spot price is called the basis. The closer the contract gets to expiry, the more the basis generally tends toward zero.
When holding a perpetual contract for a long time, factor accumulated funding fees into your position cost. Don’t just look at price movements.
Back to the market: $BTC is currently at 82994, up 0.56% over 24 hours.
#BTC
How you trade is up to you; I’m just sharing.