$BIRB Current funding rate: -0.199% (settled every 4 hours). Shorts pay; simply annualized based on this period, that’s about 436%.
Let’s use this data to talk about funding rates.
When the funding rate is positive, longs pay shorts; when it’s negative, the reverse is true, and traders holding short positions pay longs.
Funding rates should generally be considered alongside open interest and price: when rates are very high and open interest surges, the market is often more crowded.
Extreme readings often come with greater volatility. At times like these, it’s better to reduce leverage rather than make a big bet.
#BIRB
Let’s use this data to talk about funding rates.
When the funding rate is positive, longs pay shorts; when it’s negative, the reverse is true, and traders holding short positions pay longs.
Funding rates should generally be considered alongside open interest and price: when rates are very high and open interest surges, the market is often more crowded.
Extreme readings often come with greater volatility. At times like these, it’s better to reduce leverage rather than make a big bet.
#BIRB