$ERA Current funding rate: -1.05% (settled every 4 hours); shorts pay.
Guys, what is a funding rate? Here's a quick explanation 👇
The funding fee is calculated by multiplying the position's notional value by the rate: for a position with a notional value of 10,000 U, a rate of 0.01% means a fee of 1 U per settlement period.
The rate is usually best viewed alongside open interest and price: when the rate is high and open interest surges, the market is often more crowded.
Don't place an order during the sharpest part of a price swing. Wait for the price to stabilize before deciding.
#ERA
Guys, what is a funding rate? Here's a quick explanation 👇
The funding fee is calculated by multiplying the position's notional value by the rate: for a position with a notional value of 10,000 U, a rate of 0.01% means a fee of 1 U per settlement period.
The rate is usually best viewed alongside open interest and price: when the rate is high and open interest surges, the market is often more crowded.
Don't place an order during the sharpest part of a price swing. Wait for the price to stabilize before deciding.
#ERA