What is difference between funding and spot wallet?

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

But, if you have assets in the Spot wallet, you need to transfer that asset to the Funding wallet in order to make P2P trade. The Funding Wallet in Binance is the wallet that holds all the assets traded via P2P . It reflects the total balance of all P2P trades, Binance Pay, and Binance Card.

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.

Open your Binance App, and tap [Wallets] – [Overview] – [Transfer]. You can also log in to your Binance account on Binance website, and tap [Wallets] – [Overview] – [Transfer]. 2. Choose [Funding] as the destination wallet, the type of crypto you want to transfer, and enter the amount.