$KMNO Current funding rate: -0.0861% (settled every 4 hours); shorts pay.
Hey everyone, what exactly is a funding rate? Here's the quick explanation 👇
Funding payments are settled between traders; they are not fees charged by the exchange.
For those holding positions on the paying side, the higher the rate, the more they pay at each settlement, and the cost of holding the position also rises.
Don't change your original plan based on a single indicator, and don't gamble on a prediction with borrowed money.
#KMNO
Hey everyone, what exactly is a funding rate? Here's the quick explanation 👇
Funding payments are settled between traders; they are not fees charged by the exchange.
For those holding positions on the paying side, the higher the rate, the more they pay at each settlement, and the cost of holding the position also rises.
Don't change your original plan based on a single indicator, and don't gamble on a prediction with borrowed money.
#KMNO