$RIVER To be honest, the major exchanges shouldn't look so bad
Clearly, most people are going long
As shown in the picture, the amount of open interest is evidently more long positions, yet they keep charging funding rates to the short side
If we talk about referencing the index, then the market is being controlled by you all; to put it nicely, it's for balancing the contracts and the spot market, but to put it harshly, it's just continuously harvesting users
When users buy and hold or go long, a waterfall comes your way
When users short with low leverage, they keep charging you funding rates
If the mechanism doesn't have a clear and fair way of playing, the entire market will go down together
Clearly, most people are going long
As shown in the picture, the amount of open interest is evidently more long positions, yet they keep charging funding rates to the short side
If we talk about referencing the index, then the market is being controlled by you all; to put it nicely, it's for balancing the contracts and the spot market, but to put it harshly, it's just continuously harvesting users
When users buy and hold or go long, a waterfall comes your way
When users short with low leverage, they keep charging you funding rates
If the mechanism doesn't have a clear and fair way of playing, the entire market will go down together
