While $SOL funding sits below zero, shorts are paying rent on a flat tape.
$SOL hands longs 0.0014% every eight hours, about 1.5% a year. $ETH runs the other way at 0.0022%, near 2.4%. $NEAR charges shorts 0.0027%, close to 2.9%. TradFi calls it carry; perps bill it every eight hours.
Load matters more than the rate. $SOL holds 300 million dollars of open interest against 644 million of its own swap turnover overnight, 0.47 turns. $ETH holds 1.35 billion against 4.77 billion, 0.28 turns. That is 1.7 times the inventory per dollar traded, with 3.67 long accounts behind every short.
Rent that small buys patience: 1.5% a year costs less than one bad hour, so the heavy side has little reason to leave early.
I'm waiting.
I'd flip toward a squeeze if $SOL funding prints past -0.01% per eight hours with open interest above 300 million dollars.
$SOL $ETH $NEAR #Solana #TradeFIForBeginners #BinanceSquare
Data as of today. Not financial advice.
So are you trading the carry, or the hour it breaks?
$SOL hands longs 0.0014% every eight hours, about 1.5% a year. $ETH runs the other way at 0.0022%, near 2.4%. $NEAR charges shorts 0.0027%, close to 2.9%. TradFi calls it carry; perps bill it every eight hours.
Load matters more than the rate. $SOL holds 300 million dollars of open interest against 644 million of its own swap turnover overnight, 0.47 turns. $ETH holds 1.35 billion against 4.77 billion, 0.28 turns. That is 1.7 times the inventory per dollar traded, with 3.67 long accounts behind every short.
Rent that small buys patience: 1.5% a year costs less than one bad hour, so the heavy side has little reason to leave early.
I'm waiting.
I'd flip toward a squeeze if $SOL funding prints past -0.01% per eight hours with open interest above 300 million dollars.
$SOL $ETH $NEAR #Solana #TradeFIForBeginners #BinanceSquare
Data as of today. Not financial advice.
So are you trading the carry, or the hour it breaks?
