🚨 XMR: funding +52%/year, the long side is straining under the fees
I just opened the chart, and right away my eyes caught the XMR funding number: roughly +0.0060% per hour, which adds up over a year to about +52%. For those who aren’t familiar, “funding” is the fee paid every few hours by the side with more traders—who are ahead in the market direction—to the other side. A positive figure like this means the long side (betting the price will rise) is paying the short side (betting the price will fall).
It may sound small, but compounded day and night, it becomes a money-draining machine. Meanwhile, XMR’s price is still slipping slightly, down about 0.85% after 24 hours. So the long side is paying high fees while also watching their position gradually bleed red—an uncomfortable feeling: trying to hold on, but your wallet gets thinner hour by hour.
This is only a personal perspective to give people more information—definitely not investment advice. So if you’re holding a position, which side do you think can stay calm for longer?
#XMR
I just opened the chart, and right away my eyes caught the XMR funding number: roughly +0.0060% per hour, which adds up over a year to about +52%. For those who aren’t familiar, “funding” is the fee paid every few hours by the side with more traders—who are ahead in the market direction—to the other side. A positive figure like this means the long side (betting the price will rise) is paying the short side (betting the price will fall).
It may sound small, but compounded day and night, it becomes a money-draining machine. Meanwhile, XMR’s price is still slipping slightly, down about 0.85% after 24 hours. So the long side is paying high fees while also watching their position gradually bleed red—an uncomfortable feeling: trying to hold on, but your wallet gets thinner hour by hour.
This is only a personal perspective to give people more information—definitely not investment advice. So if you’re holding a position, which side do you think can stay calm for longer?
#XMR
