$SAND ｜Funding rate -0.203%｜Shorts pay｜Current price 0.06036
Before looking at positions, understand the funding rate.
Funding payments are 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 payment of 1 U per funding interval.
The rate usually returns to normal either through a price correction or because traders on the crowded side close their positions. Which scenario plays out depends on how open interest changes next.
All data summarizes past market activity, and the market could just as easily move in the opposite direction.
Before looking at positions, understand the funding rate.
Funding payments are 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 payment of 1 U per funding interval.
The rate usually returns to normal either through a price correction or because traders on the crowded side close their positions. Which scenario plays out depends on how open interest changes next.
All data summarizes past market activity, and the market could just as easily move in the opposite direction.