Today's crypto routine: $SAND latest funding rate: -0.956% (settled every 8 hours), with shorts paying.
Short sellers are paying the toll; I'm just keeping the books.
On a more serious note, you can think of the funding rate as a toll for holding a position: whichever side pushes the futures price away from the spot price is often the one that pays.
The same reading can mean very different things in different market conditions, so don't blindly apply a one-size-fits-all rule.
Short sellers are paying the toll; I'm just keeping the books.
On a more serious note, you can think of the funding rate as a toll for holding a position: whichever side pushes the futures price away from the spot price is often the one that pays.
The same reading can mean very different things in different market conditions, so don't blindly apply a one-size-fits-all rule.