When ARK dumps 30%, the shorts end up paying instead.

On Binance, this day saw prices pushed from 0.2424 up to 0.428; now it’s around 0.29, down 32% from the high. Logically, shorts should feel comfortable—but the funding rates have flipped negative: Bybit this round is -1.55%, Gate is -1.7%, and Binance is -0.37%. It settles every 4 hours; if Bybit stays at this level, in one day alone shorts would have to pay off funding equal to nearly 10% of their position.

In two hours, Binance holdings were pulled down from 45.23 million coins to 32.37 million coins, down 28%. Yet the long accounts increased from 41.5% to 53.9%—when it dropped, someone was buying the dip.

In this round of the shorts’ price spread, how much will be clawed back by the funding fee?

#资金费率 #contract trading

$ARK

View in real time: https://www.coinboss.com/zh/funding-rate/ARK