MONEY GLOBE XFutures, Leverage & Risk · Lesson 5
Funding and open interest
Reading the crowd in futures
Members
In this lesson
Calculate funding costs and use funding and open interest to see when a trade is getting crowded.
Key takeaways
- Funding: periodic payments between longs and shorts that keep perpetual prices near spot.
- Positive funding means longs pay shorts (the crowd leans long); negative, the reverse.
- Funding is a real cost: position × rate × number of payments.
- Rising open interest shows new money; extreme funding with record open interest signals a crowded trade.
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Next lesson: Your risk plan
Educational information only - not financial advice.