Question 1

How do I annualise a funding rate?

Accepted Answer

Multiply the per-interval rate by the number of intervals per day, then by 365. A 0.01% rate every 8 hours is 3 payments a day, so roughly 0.03% daily or about 11% a year — small per payment, large over time.

Question 2

What does a high funding APR tell me?

Accepted Answer

A high positive APR means longs are crowded and paying heavily to stay in; a deeply negative one means shorts are crowded. Extreme funding often marks over-leveraged positioning and precedes a squeeze in the opposite direction.

永久スワップファンディング年利計算ツール

APRへの資金調達で混雑した取引が明らかに