$AGT Current funding rate: +0.0471% (settled every 4 hours). Longs pay. Simply annualized based on this period, that’s approximately 103.2%.
Folks, what is a funding rate? Here’s a quick explanation 👇
Funding fees are calculated as the position’s notional value × 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.
For traders holding positions on the paying side, the more extreme the rate, the more they pay at each settlement, raising the cost of holding the position.
The same data can mean very different things in different market conditions, so don’t blindly apply a rule of thumb.
#AGT
Folks, what is a funding rate? Here’s a quick explanation 👇
Funding fees are calculated as the position’s notional value × 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.
For traders holding positions on the paying side, the more extreme the rate, the more they pay at each settlement, raising the cost of holding the position.
The same data can mean very different things in different market conditions, so don’t blindly apply a rule of thumb.
#AGT