đď¸ $IRYS Latest funding rate: -0.132% (settled every 1 hour). Shorts pay. A simple annualized estimate based on this period is about 1154.7%.
ăOne-minute explainerăWhat is a funding rate?
Funding settlement intervals vary by contract: some settle every 8 hours, others every 4 hours, and in extreme market conditions, certain contracts may be adjusted to 1-hour intervals. Check the contract page for details.
The further the rate deviates from normal, the more crowded one side of the market is. If the price suddenly moves in the opposite direction, the risk of cascading liquidations also increases.
Extreme readings usually come with greater volatility. In these conditions, itâs better to reduce your position rather than add to it.
#IRYS
These are personal observations, not trading advice.
ăOne-minute explainerăWhat is a funding rate?
Funding settlement intervals vary by contract: some settle every 8 hours, others every 4 hours, and in extreme market conditions, certain contracts may be adjusted to 1-hour intervals. Check the contract page for details.
The further the rate deviates from normal, the more crowded one side of the market is. If the price suddenly moves in the opposite direction, the risk of cascading liquidations also increases.
Extreme readings usually come with greater volatility. In these conditions, itâs better to reduce your position rather than add to it.
#IRYS
These are personal observations, not trading advice.