It is far too small to build a strategy on - 0.0042% against 8-hour price swings of 2.36%. But if you are already holding a position, the direction of funding is not the same on every coin, and most people assume it is.
Here is what that came from.
On most coins longs pay shorts. On BNB it is the other way round.
Funding is the payment between long and short holders of a perpetual. Positive means longs pay shorts, which is the usual state of a market where most people are betting up.
Across 34,431 prints, BNB averages NEGATIVE funding - shorts pay longs - and only 22% of its prints are positive. BTC, ETH and DOGE are all positive.
So holding a long BNB perp is paid to exist, where a long BTC perp pays rent.
Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result published - including the ones that make me look bad.
Run on $BNB $BTC $ETH
#Binance #Futures #Backtesting #TradingBot #CryptoData
Here is what that came from.
On most coins longs pay shorts. On BNB it is the other way round.
Funding is the payment between long and short holders of a perpetual. Positive means longs pay shorts, which is the usual state of a market where most people are betting up.
Across 34,431 prints, BNB averages NEGATIVE funding - shorts pay longs - and only 22% of its prints are positive. BTC, ETH and DOGE are all positive.
So holding a long BNB perp is paid to exist, where a long BTC perp pays rent.
Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result published - including the ones that make me look bad.
Run on $BNB $BTC $ETH
#Binance #Futures #Backtesting #TradingBot #CryptoData
