3.1x long tax, but the price is flat.
$PUMP perpetual funding rate is about +0.0039%; Binance 0.00423, only +0.6% daily.
Positions are about 185 million, daily notional about 53 million, inventory pressure about 3.5x.
The tax has gone up, but the price is not buying it.
Crowding first, no initiation call.
#费率分层 #MEME crowded