$SAND Latest funding rate: -0.135% (settled every 8 hours); shorts pay.
Hey everyone, what is a funding rate? Here's the short version👇
When the contract price is higher than the spot index, the rate is usually positive, and longs pay. When it's lower than spot, the rate is often negative, and shorts pay.
The rate only indicates an imbalance between longs and shorts in the contract market; it doesn't indicate the strength of spot demand.
Don't change your plan based on just one indicator, and don't use borrowed money to test a hunch.
#SAND
Personal notes only; not a recommendation to buy or sell.
Hey everyone, what is a funding rate? Here's the short version👇
When the contract price is higher than the spot index, the rate is usually positive, and longs pay. When it's lower than spot, the rate is often negative, and shorts pay.
The rate only indicates an imbalance between longs and shorts in the contract market; it doesn't indicate the strength of spot demand.
Don't change your plan based on just one indicator, and don't use borrowed money to test a hunch.
#SAND
Personal notes only; not a recommendation to buy or sell.