$SHELL | What Open Interest and Funding Rate Mean
Open interest (OI) is the total value of outstanding futures positions that haven't been closed yet, on whichever perpetual contract is being measured. A change in OI over 24 hours shows whether outstanding positions grew or shrank, not which direction the market moved.
Funding rate is a periodic payment between long and short position holders on a perpetual contract, designed to keep the contract price close to the spot price. A small positive rate, like the +0.0050% seen for SHELLUSDT.P, means longs are currently paying shorts a small amount, nothing more.
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Open interest (OI) is the total value of outstanding futures positions that haven't been closed yet, on whichever perpetual contract is being measured. A change in OI over 24 hours shows whether outstanding positions grew or shrank, not which direction the market moved.
Funding rate is a periodic payment between long and short position holders on a perpetual contract, designed to keep the contract price close to the spot price. A small positive rate, like the +0.0050% seen for SHELLUSDT.P, means longs are currently paying shorts a small amount, nothing more.
#SHELL #BTC #ETH