🐋 $BMT Latest funding rate: -0.0404% (settled every 1 hour); shorts pay. Simple annualized rate based on this period: approximately 353.7%.
Whichever side the funds crowd toward, the rate usually reflects it quickly.
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 every hour. Refer to the contract page.
For those holding positions on the paying side, the higher the rate, the more they pay at each settlement, and the more their holding costs rise.
Sizing your position by working backward from where you place your stop-loss is far more reliable than placing trades on a whim.
#BMT
Whichever side the funds crowd toward, the rate usually reflects it quickly.
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 every hour. Refer to the contract page.
For those holding positions on the paying side, the higher the rate, the more they pay at each settlement, and the more their holding costs rise.
Sizing your position by working backward from where you place your stop-loss is far more reliable than placing trades on a whim.
#BMT