Indicator Notes｜$LA ｜Funding rate: -0.0976%｜Shorts pay｜Current price: 0.0699
First, a definition: The annualized funding rate is simply the current rate extrapolated over a year. The rate changes every funding period, so don't mistake it for the actual cost over a year.
How to read it: Funding rates for small-cap coins tend to be more volatile. An unusually high rate in a single period doesn't necessarily indicate a trend, while extreme rates are rarer for major coins.
Rare readings often come with more pronounced price swings. At times like these, it's better to reduce leverage rather than increase your position.
#LA
Just a personal note—make your own trading decisions.
First, a definition: The annualized funding rate is simply the current rate extrapolated over a year. The rate changes every funding period, so don't mistake it for the actual cost over a year.
How to read it: Funding rates for small-cap coins tend to be more volatile. An unusually high rate in a single period doesn't necessarily indicate a trend, while extreme rates are rarer for major coins.
Rare readings often come with more pronounced price swings. At times like these, it's better to reduce leverage rather than increase your position.
#LA
Just a personal note—make your own trading decisions.