ALPACA Funding Rate Soars to 4% on Binance: What You Need to Know

In a recent update from COINOTAG News, dated April 30th, compelling data reveals that the funding rate for ALPACA contracts on the Binance platform has notably increased to 4%. This adjustment comes with a settlement period of 1 hour, translating to an anticipated daily interest rate of an impressive 96%. This significant rise in the funding rate underlines the heightened trading activity and interest surrounding ALPACA, signaling potential implications for both investors and traders in the crypto market. As the digital asset landscape evolves, understanding such funding rates becomes crucial for informed decision-making. Market participants should remain vigilant, considering these shifts in funding structures as they navigate the complexities of cryptocurrency investments.