With one of my automated strategies, a position gets closed at the exact same time as one of the three daily funding fees occur (+00:00UTC Binance Futures).
The Binance docs on funding say the following "In general, traders prefer platforms that provide the lowest funding rate as it can have a significant impact on profits and losses."
So does this imply that funding would ideally be avoided wherever possible?
I know it might seem like a silly question, but I my transaction history shows that its pretty 50/50 as to weather funding is charged positive or negative. I'm wondering if long-term it might just work out fairly balanced anyway?
Otherwise, of course I would aim to implement something that closes the position a few seconds before 00:00UTC to narrowly avoid the funding fee.
I should say I'm fairly new to futures/derivatives and am getting to grips with it using a tiny balance a 1x leverage (basically I'm aware of the risks before anyone points this out).