POWER’s funding rates are generally positive across the board, with the top tier annualized at roughly 373%. Longs are continuously paying rent.
All of the current 10 platforms have positive funding rates: Bybit at 0.1703% every 4 hours (annualized around 373%); Binance at 0.0746% every 4 hours (annualized around 163%); Gate at 0.1991% every 8 hours (annualized around 218%). If you hold long positions, first calculate how many rounds of settlement you’ll have to pay.
This does not necessarily mean a drop right away, but it does indicate that long positions have relatively high cost. The open interest in POWER-related contracts is about $18.23 million. If prices move sideways, trading fees may first erode the profits; if the direction reverses, crowded positions will further amplify liquidation pressure.
$POWER
Will you keep shouldering this cost, or wait for the rates to cool down first?
View in real time: https://www.coinboss.com/funding-rate