$AXL Funding Turns Negative—Both Sides Are Getting Hit
The funding rate has flipped.
Price is now 0.05886, up 7.9% over 24 hours. Longs think they’ve won—their accounts are in the green. The funding rate slid from +0.0000% to -0.0017%, and shorts think they’ve won too: negative funding means bears have the upper hand.
Don’t celebrate just yet.
Open interest is up 16.9%, following a path of 2.0M > 2.0M > 2.1M > 2.3M. Price is climbing, positions are climbing too, and 24-hour trading volume is $8.3M. Real money is flowing in—not just aimless trading on thin volume.
The math is starting to look ugly for shorts: negative funding means you have to pay out for every interval you hold. Price is still up 7.9%, while the funding rate keeps falling. You’re taking a double hit.
Longs shouldn’t let their guard down either: market cap is $74.9M, and OI has surged 16.9% in one go. If price turns around, positions could get squeezed out much faster than they got in.
This isn’t about who picked the right direction—it’s about who can no longer afford the cost first.
Risk warning: Funding is recalculated every hour. Your position won’t automatically adjust with it.
#AXL #币安 #Bitcoin