The current funding rate has two extreme values—friends trading contracts, please pay attention.
XRP’s funding rate on Coinex surged to 0.28%/8h, which annualizes to over 300%. Long positions are overcrowded, rushing to pay protection fees. This indicates there are too many people betting on a rise in the market. The risk of chasing longs at this level is amplified; once the rate retraces and turns against longs, it can flip quickly.
On the other hand, BEAT on Coinex has a negative funding rate of -0.12%/8h, and BEAT plunged 61.7% today. Extremely negative funding rates often mean short sellers are overly concentrated. If a rebound occurs, short covering can accelerate the upward move.
The major coins in the broader market are fairly calm. BTC averages 0.0048%/8h, ETH 0.0028%, and SOL 0.00056%. All three large coins are in the normal range, with no directional signals. This suggests the current move is mainly driven by altcoins and memecoins.
#资金费率 #合约数据 # funding-rate arbitrage
View live: https://www.coinboss.com/funding-rate
XRP’s funding rate on Coinex surged to 0.28%/8h, which annualizes to over 300%. Long positions are overcrowded, rushing to pay protection fees. This indicates there are too many people betting on a rise in the market. The risk of chasing longs at this level is amplified; once the rate retraces and turns against longs, it can flip quickly.
On the other hand, BEAT on Coinex has a negative funding rate of -0.12%/8h, and BEAT plunged 61.7% today. Extremely negative funding rates often mean short sellers are overly concentrated. If a rebound occurs, short covering can accelerate the upward move.
The major coins in the broader market are fairly calm. BTC averages 0.0048%/8h, ETH 0.0028%, and SOL 0.00056%. All three large coins are in the normal range, with no directional signals. This suggests the current move is mainly driven by altcoins and memecoins.
#资金费率 #合约数据 # funding-rate arbitrage
View live: https://www.coinboss.com/funding-rate