Just finished eating takeout and washing the dishes, and then I saw this 10% rise in $JELLYJELLY . It reminded me of a question beginners often ask: what are funding rates? Simply put, it’s a mechanism where longs and shorts “pay rent” to each other. Every 8 hours, the side holding a position has to pay “rent” to the other side. For example, the current funding rate for longs on $JELLYJELLY is 0.05%, which means people holding long positions have to pay “rent” to those holding short positions, who actually make money from it. This affects the cost of holding a position. Especially when rates are high, holding a long position is like being a landlord collecting rent, while holding a short position is like being a tenant paying it. It sounds simple, but lots of people get burned by this hidden cost. They fucking think they’ve made money from the market, when really they’ve just paid rent to the other side.

$JELLYJELLY #现货 #Binance #Cryptocurrency