🛑🛑🛑Rare coin and Funding fee😡😡😡

👉 Funding fee is amount deducted from your position according to buyer vs seller ratio

👉 Normally funding fee ranges from +2% to -2

👉Mean for most of the coin binance limit the funding fee to + - 2 %

👉There are 2 types of funding fee

Positive funding fee

Negative funding fee

👉 Funding fee kept on changing according to coin movement and buyer and seller ratio in that coin

👉 Funding fee only deducted in future trading

👉To understand funding fee let's take example of rare coin which is on its maximum limit of 2% funding fee and many user are facing losses due to maximum funding fee

👉For rare coin funding fee is - 2%

👉When funding fee is negative those who take long position mean buy that coin they get 2% of their trade as profit but those who took short on that coin mean sell they lose 2% of their trade in funding fee

👉If funding fee is positive then opposite happen those who take long they lose 2% of their trade and those who took short they gain 2% of their trade amount

👉Time interval after which funding fee is deducted vary from coin to coin and also how much amount varies from coin to coin

👉 Normally it doesn't matter but like when it reaches to .5% .1% then you suffer hugely

👉If you still have some doubts you can ask

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