💡 $BIRB rate drops to -1%🧊
Don’t rush—let’s first understand the funding rate 👇
The annualized funding rate is just a simple annual conversion of the rate for this period. Since the rate changes every period, don’t treat it as a fixed annual figure.
When comparing rates, it’s best to convert them to the same settlement cycle: with the same number, a contract settled every hour means more frequent payments and receipts each day.
It’s more reliable to have multiple indicators confirm each other than to rely on just one, but even many signals still can’t give a definite answer.
Don’t rush—let’s first understand the funding rate 👇
The annualized funding rate is just a simple annual conversion of the rate for this period. Since the rate changes every period, don’t treat it as a fixed annual figure.
When comparing rates, it’s best to convert them to the same settlement cycle: with the same number, a contract settled every hour means more frequent payments and receipts each day.
It’s more reliable to have multiple indicators confirm each other than to rely on just one, but even many signals still can’t give a definite answer.