MARKET BASICS · RESEARCH PLAYBOOK

What funding actually tells you

Funding is a recurring transfer between long and short perpetual positions. A positive rate normally means longs pay shorts; a negative rate reverses the direction. The scanner shows the primary perpetual feed’s current hourly rate as a percentage. A high rate can indicate crowded positioning, but it is not a reversal signal by itself.

Put it into practice

Compare funding with price structure and open interest. Write down what would invalidate your interpretation before taking a position.

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