$SIREN ｜Rate +0.0843%｜Longs pay
Before looking at positions, first understand the funding rate.
Think of the funding rate as a toll for holding a position: whichever side pushes the contract price away from the spot price is often the side that pays.
Many people focus more on how long the rate has stayed at a certain level: remaining at an extreme for several consecutive periods is more telling than a single spike.
Don’t let one number throw off your strategy, and never gamble borrowed money on a prediction.
Before looking at positions, first understand the funding rate.
Think of the funding rate as a toll for holding a position: whichever side pushes the contract price away from the spot price is often the side that pays.
Many people focus more on how long the rate has stayed at a certain level: remaining at an extreme for several consecutive periods is more telling than a single spike.
Don’t let one number throw off your strategy, and never gamble borrowed money on a prediction.