Isn't the funding rate dynamic in perpetual swaps? Like longs pay shorts and shorts pay longs depending on the market conditions and the position one has opened?
Funding rate is dynamic with bullish and bearish days.
I know how funding rate works, but what I didn't understand was what @SquirrelJulietGarden said that the rate would reduce with time if the position was kept for long or did he give some wrong information?
I typed it wrong.
Actually I mean a longer you let your position opens, a more interest you will have to pay for an exchange and therefore even if your position is at profit when you close it, you will have less profit at the end.