🐋 $BLUR Current funding rate: -0.466% (settled every 4 hours). Shorts pay. Simply annualized based on this period, it’s approximately 1021.4%.
The side where positions are piling up is usually reflected in the funding rate first.
Annualized figures are simply calculated by extrapolating the current rate across 365 days. The rate changes every period, so don’t treat this as a definite annualized figure.
The further the rate deviates from normal, the more crowded positions are on one side. If the price moves in the opposite direction, the risk of cascading liquidations increases.
The same reading can mean very different things under different market conditions, so don’t blindly apply a single rule of thumb.
#BLUR
The side where positions are piling up is usually reflected in the funding rate first.
Annualized figures are simply calculated by extrapolating the current rate across 365 days. The rate changes every period, so don’t treat this as a definite annualized figure.
The further the rate deviates from normal, the more crowded positions are on one side. If the price moves in the opposite direction, the risk of cascading liquidations increases.
The same reading can mean very different things under different market conditions, so don’t blindly apply a single rule of thumb.
#BLUR