According to the Binance website the funding rate for ETHDOWN is -0.0302%:
https://www.binance.com/en/leveraged-tokens/tokens/allTokens/ETHDOWN
The Daily Management Fee is 0.01%
Does this mean the funding costs works in your favor long term? If the price of the underlying (ETH) stays constant, the NAV for ETHDOWN would increase by the difference between the negative funding fee and the management fee? This would be 0,0202% per day (0.0302% - 0.01%)?
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