๐ $SIREN Latest funding rate: +0.101% (settled every 4 hours). Longs pay; a simple annualization of this period's rate is about 221%.
Funding rates usually show where the crowd is leaning first.
The annualized figure is just this period's rate multiplied out over a year. Rates change every period, so don't mistake it for the actual cost over a year.
Don't chase a trade at the most volatile moment. Wait for the price move to play out before deciding.
Just my personal opinionโdon't take it too seriously.
Funding rates usually show where the crowd is leaning first.
The annualized figure is just this period's rate multiplied out over a year. Rates change every period, so don't mistake it for the actual cost over a year.
Don't chase a trade at the most volatile moment. Wait for the price move to play out before deciding.
Just my personal opinionโdon't take it too seriously.