I found that many people who do contracts do not understand what funding rates are.

Let me popularize the basics.

Funding rates are the fees that longs (buyers) and shorts (sellers) pay each other regularly in the perpetual contract market. Funding rates can be positive or negative, depending on the relationship between the perpetual contract price and the spot price.

When the perpetual contract price deviates from the underlying spot price, the funding rate will encourage traders to open positions in the opposite direction to collect funding fees. This will eventually bring the price back to the underlying spot price.

In short, when the funding rate is positive, long positions pay funding fees to short positions. When the funding rate is negative, short positions pay funding fees to long positions. Funding rates are calculated every eight hours, three times a day, at 8:00 16:00 0:00. The specific funding rate is in the upper right corner of the order opening page. #资金费率 $BTC $ETH