$WAL |Funding rate -0.0513%|Shorts pay|Current price 0.04627
Before discussing funding, first understand the funding rate.
Perpetual contracts have no expiration date. The funding rate keeps the contract price close to the spot price by having longs and shorts periodically pay each other.
Many people pay more attention to how long the rate has stayed at a certain level: several consecutive periods at an extreme level are more meaningful than a single spike.
Learning to read indicators is easy; the hard part is sticking to your rules when the market is most intense.

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