Quote from: OcTradism on Today at 02:00:11 AM

By this, you can close your position with a draw and enjoy funding fee if you are in a side of short will be pay by long and long will be paid by short in that 8-hours.

It's not too much but if you can, you should close your position because after each 8 hours, market can have big movement, up or down maybe we don't certainly know. So it is safe to close our position before it moves and it's also good if we can earn small from funding fee.

You can earn some profit if the funding rate is abnormal and if the market does not go against your open position during that short time. Imagine having the balls to long and yet the market is dumping with some long red candle sticks all for the sake of earning that profit from the funding rate.

Also, it is very hard to predict what the next funding rate might be, it could be negative or positive. Things change in a flash.

Quote from: adaseb on Today at 04:31:22 AM

You can’t make any money this way. Believe me I tried. What will happen is the funding rate will be near identical on all the exchanges.

Even if it is off by a little, you got basically 4 fees you will need to pay which will clear any profits. You would need to pay fees to open and close the trades twice on both exchanges.

In volatile situations, the funding rates of different shitcoin perpetual contracts in different exchanges can get abnormal, especially exchanges with not so good liquidity. It's possible to make profits if it goes over 1% and the trader is using high leverage, but of course there is a thin line between making profits and losses

Quote from: Oshosondy on Today at 07:59:06 AM

Which exchange is that? I am using more than 5 exchanges and all of them have 8 hours range funding rate.

I think it was Kraken, though I haven't used it in a while.

Apparently, even DYDX have an hourly rate.