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Why is the funding fee getting higher & higher?

Binance

Cryptocoins Exchanges / Binance 205 Views

Why is the funding fee getting higher & higher?

Need help to understand this... So I have a long position open on USD-M, for about a week or so and just noticed that this FUNDING_FEE is getting higher and higher and I have no idea why..

I get that in a bull market longs pay the fee to the shorts.. but what bullish market? I've been on red since I opened the position..

https://preview.redd.it/mkctxuhwhhk71.png?1928&format=png&auto=webp&s=f305350d5f775e961b3e839f505e171fb12caba9

submitted by /u/XanderM3001
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