SOON is down around 17% on both exchanges—about 0.2564 on Binance (−16.888%) and 0.2560 on OKX (−17.018%). Yet funding rates on Binance and Bybit are still around +5e-5—the price is getting hammered, but the rate is still positive, so longs are still paying.

Total open interest is about $34.14 million, with longs and shorts at roughly 51.4/48.6. For context, BTC is around 80,140 on Binance (−0.474%) and 80,139.2 on OKX (−0.497%).

It’s dropped nearly 17%, yet the funding rate is still stuck at positive 5e-5—price plunging while the funding rate goes against it is more striking than the drop alone.

#SOON #资金费率 #合约行情 #LongShortRatio

With the price down 17% and the funding rate still at positive 5e-5, which do you find more believable: that longs are still stubbornly holding on, or that shorts haven’t actually dared to push the funding rate below zero?

View in real time: https://www.coinboss.com/currencies/SOON