$Q Current funding rate: -0.116% (settled every 4 hours). Shorts pay, and a simple annualized estimate for this period is about 252.9%.
Let’s break down this figure.
Funding fees are deducted directly from your margin or added to your balance. The longer you hold a position, the greater the cumulative impact.
Understanding this metric is about avoiding being misled by numbers—not using it to pinpoint market tops and bottoms.