Funding rates are an important concept when trading on Bybit, yet many new traders are not aware of how they work. The funding rate is the cost or profit of holding a position for a certain amount of time. The rate is calculated every 8 hours and is paid out to traders who have a position open at the time of calculation.
For instance, if a trader holds a long position, the funding rate will be paid out to them every 8 hours. Conversely, if the trader holds a short position, the funding rate will be taken from the trader every 8 hours. This is an important concept to understand for any trader that wants to use Bybit for their trading activities.
I am new to the concept of funding rates on Bybit and would love to hear from experienced traders about how they use this feature. Can anyone share any tips or tricks for making the most of this feature? How do you decide when to open and close positions to take advantage of the funding rate? Is there anything else I should know about funding rates before trading on Bybit? Any advice would be greatly appreciated.
For instance, if a trader holds a long position, the funding rate will be paid out to them every 8 hours. Conversely, if the trader holds a short position, the funding rate will be taken from the trader every 8 hours. This is an important concept to understand for any trader that wants to use Bybit for their trading activities.
I am new to the concept of funding rates on Bybit and would love to hear from experienced traders about how they use this feature. Can anyone share any tips or tricks for making the most of this feature? How do you decide when to open and close positions to take advantage of the funding rate? Is there anything else I should know about funding rates before trading on Bybit? Any advice would be greatly appreciated.