🚨 LONGS ARE PAYING 367% APR TO HOLD NATGAS 🔥
Binance futures funding just went vertical again. $NATGAS longs are now paying 0.335% every 8 hours to keep their positions open, which works out to roughly +367% annualized. That is the single most extreme rate on the board right now.
They are not alone either. TWST longs are paying +217% annualized and BOT longs +168%. Every one of these is a crowded long side paying through the nose.
When funding gets this lopsided it usually means the trade is packed to the doors, and packed longs are exactly the kindling a liquidation cascade loves. The shorts sitting on the other side are getting paid handsomely just for waiting.
So which breaks first, the longs who keep paying, or the price? 👇
Not financial advice. DYOR.
#crypto #futures #altcoins
Binance futures funding just went vertical again. $NATGAS longs are now paying 0.335% every 8 hours to keep their positions open, which works out to roughly +367% annualized. That is the single most extreme rate on the board right now.
They are not alone either. TWST longs are paying +217% annualized and BOT longs +168%. Every one of these is a crowded long side paying through the nose.
When funding gets this lopsided it usually means the trade is packed to the doors, and packed longs are exactly the kindling a liquidation cascade loves. The shorts sitting on the other side are getting paid handsomely just for waiting.
So which breaks first, the longs who keep paying, or the price? 👇
Not financial advice. DYOR.
#crypto #futures #altcoins