$KAIA latest funding rate: -0.0311% (settled every 1 hour). Shorts pay, which works out to approximately 272.4% annualized on a simple basis.
Let’s break this number down.
Funding payments are settled directly between longs and shorts; they’re not fees charged by the exchange.
Extreme readings often signal more volatile price swings. This is when you should reduce leverage, not increase your position.