$PAYP Over the past 24 hours, it has risen 6.71%, and the price is 17.8. However, during the same period, the funding rate is zero, and there is no clear sign on the contract side of increased long-position willingness to pay.
The driving force behind this round of gains is more likely spot buying orders, while contract sentiment has not caught up. A zero funding rate often occurs in the early stage of a trend, when shorts have not yet been forced to pay fees—and it also means longs have not yet incurred additional holding costs because of chasing the rally.
The opposing view is that this may only be temporary calm; if the price continues to climb, turning the funding rate positive is just a matter of time.
Trading tag: #TradFi #链上美股 #PAYP
Where do you think this assessment is most likely to be wrong?
The driving force behind this round of gains is more likely spot buying orders, while contract sentiment has not caught up. A zero funding rate often occurs in the early stage of a trend, when shorts have not yet been forced to pay fees—and it also means longs have not yet incurred additional holding costs because of chasing the rally.
The opposing view is that this may only be temporary calm; if the price continues to climb, turning the funding rate positive is just a matter of time.
Trading tag: #TradFi #链上美股 #PAYP
Where do you think this assessment is most likely to be wrong?