Let’s do the math: $API3 ’s funding rate for this period is -0.0658%, equivalent to an annualized rate of about 144.1%.
In other words, short sellers are handing longs a red envelope 🧧 every funding period just for holding their positions. Even I don’t give out red envelopes that often.
After a round of liquidations, leverage levels should be healthier.
This is for informational purposes only and does not constitute investment advice.
In other words, short sellers are handing longs a red envelope 🧧 every funding period just for holding their positions. Even I don’t give out red envelopes that often.
After a round of liquidations, leverage levels should be healthier.
This is for informational purposes only and does not constitute investment advice.