$EPIC Latest funding rate: +0.0845% (settled every 4 hours). Longs pay. A simple annualized estimate based on this period is about 185%.
A beginner's burning question: What is a funding rate?
Funding fees are deducted from your margin or added to your balance. The longer you hold a position, the more fees accumulate.
The rate usually returns to normal either through a price correction or by traders on the crowded side closing their positions. Which happens depends on how open interest moves next.
Comparing several data points is more reliable than looking at just one, but even multiple signals can't provide a definite answer.