What is funding on Binance?

The funding rate comprises two components: the interest rate and the premium . On Binance Futures, the interest rate is fixed at 0.03% daily (0.01% per funding interval), with the exception of contracts such as BNBUSDT and BNBBUSD, where interest rates are 0%.27 Oca 2022

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What is spot trading in Binance?

Binance Spot Grid Trading uses normal grids. Orders are placed from the top grid to the bottom grid. When a buy order is filled, a sell order will be placed on the grid above it . As the upper price is set at 60,000 BUSD, the grid strategy will begin by placing a buy order at 56,000 BUSD.

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What is future funding rate?

Since perpetual futures contracts never settle, exchanges use Funding Rates to ensure that futures prices and index prices converge on a regular basis. Funding Rates are periodic payments made to or by traders who are long or short based on the difference between perpetual contract markets and spot prices .27 Oca 2022

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