🐋 $ZIL Current funding rate: -0.0859% (settled every 4 hours); shorts pay.
The funding rate is usually the first indicator of which side positions are crowding into.
Funding payments are deducted from or added to your account balance directly. The longer you hold a position, the more noticeable the cumulative impact.
When comparing funding rates, convert them to the same settlement interval: at the same rate, a contract settled every hour settles more times per day.
Unusually high readings often indicate greater volatility. In such cases, it’s better to reduce leverage rather than increase your position.
#ZIL
The funding rate is usually the first indicator of which side positions are crowding into.
Funding payments are deducted from or added to your account balance directly. The longer you hold a position, the more noticeable the cumulative impact.
When comparing funding rates, convert them to the same settlement interval: at the same rate, a contract settled every hour settles more times per day.
Unusually high readings often indicate greater volatility. In such cases, it’s better to reduce leverage rather than increase your position.
#ZIL