🐋 $IRYS Current funding rate: -0.0639% (settled every 1 hour); shorts pay. Simple annualization based on this interval is approximately 559.8%.
The side positions are crowding toward is usually reflected in the funding rate first.
The rate consists of two parts: the contract’s premium over spot, plus a base interest rate. When the premium is small, most contracts come out to around 0.01% on an 8-hour basis.
For those holding positions on the paying side, the higher the funding rate, the more they pay at each settlement, causing holding costs to rise significantly.
With leveraged positions, first consider whether you can withstand the worst-case outcome, then think about what the signals are saying.
The side positions are crowding toward is usually reflected in the funding rate first.
The rate consists of two parts: the contract’s premium over spot, plus a base interest rate. When the premium is small, most contracts come out to around 0.01% on an 8-hour basis.
For those holding positions on the paying side, the higher the funding rate, the more they pay at each settlement, causing holding costs to rise significantly.
With leveraged positions, first consider whether you can withstand the worst-case outcome, then think about what the signals are saying.
