$WAL Current funding rate: -0.63% (settled every 4 hours); shorts pay.
How is this figure calculated?
Perpetual contracts have no settlement date, so funding rates help keep contract prices close to spot prices: long and short positions pay each other a fee at regular intervals.
When comparing rates, convert them to the same settlement interval: the same rate on a contract settled every hour will be applied several times a day.
Don’t let one number throw off your plan, and never use borrowed money to test a reading.
How is this figure calculated?
Perpetual contracts have no settlement date, so funding rates help keep contract prices close to spot prices: long and short positions pay each other a fee at regular intervals.
When comparing rates, convert them to the same settlement interval: the same rate on a contract settled every hour will be applied several times a day.
Don’t let one number throw off your plan, and never use borrowed money to test a reading.