For contract users, the high funding rate means they earn less. The contract account gives a 6% annualized rate, which directly reduces the funding rate by 0.0164%. After the release of bullish sentiment, the contract on Huobi is equivalent to a zero-funding-rate trade, as the normal funding rate is 0.01%. I support Huobi's initiative to lower the funding rate. This is a great benefit for all contract trading users. Thank you, Huobi, and thank you, Mr. Sun, for helping contract users save money.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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