$DOOD Current funding rate: -0.0577% (settled every 1 hour). Shorts pay, which works out to an annualized rate of about 505.2% based on a simple extrapolation of this period.
A question every beginner asks: What is the funding rate?
This money is paid between traders; it is not a fee charged by the exchange.
When comparing rates, make sure they use the same settlement period: for the same rate, a contract settled every 1 hour will have more payments each day.
Before trading with leverage, think about whether you can withstand the worst-case scenario, then consider what the indicators are telling you.
#DOOD
A question every beginner asks: What is the funding rate?
This money is paid between traders; it is not a fee charged by the exchange.
When comparing rates, make sure they use the same settlement period: for the same rate, a contract settled every 1 hour will have more payments each day.
Before trading with leverage, think about whether you can withstand the worst-case scenario, then consider what the indicators are telling you.
#DOOD