Indicator Notes｜$DOOD ｜Funding rate: -0.0141%｜Shorts pay｜Current price: 0.002302
First, the definition: this money is paid directly between traders; it is not a fee charged by the exchange.
Now, how to read it: funding rates for less liquid coins often fluctuate more sharply. An extreme reading in a single period does not necessarily indicate a trend, and extreme rates are even rarer for top coins.
The same data can mean very different things in different market conditions, so don’t blindly apply a rule of thumb.
First, the definition: this money is paid directly between traders; it is not a fee charged by the exchange.
Now, how to read it: funding rates for less liquid coins often fluctuate more sharply. An extreme reading in a single period does not necessarily indicate a trend, and extreme rates are even rarer for top coins.
The same data can mean very different things in different market conditions, so don’t blindly apply a rule of thumb.