📘 Funding rates, explained simply
On perpetual futures, longs and shorts pay each other a "funding rate" to keep prices close to spot.
🔹 Positive = longs pay shorts (too many bulls)
🔹 Negative = shorts pay longs (too many bears)
Right now $BTC funding on Deribit is about 0.0019% per 8 hours, basically neutral.
Translation: despite the fear, there's no crowded leverage on either side.
On perpetual futures, longs and shorts pay each other a "funding rate" to keep prices close to spot.
🔹 Positive = longs pay shorts (too many bulls)
🔹 Negative = shorts pay longs (too many bears)
Right now $BTC funding on Deribit is about 0.0019% per 8 hours, basically neutral.
Translation: despite the fear, there's no crowded leverage on either side.