Conclusion first: this time, the ARK shorts aren’t collecting rent—they’re paying extra. Bybit funding rate -1.1716%, settled hourly; annualized at roughly -1028%. Every time shorts are settled, they’re effectively paying longs.
ARK’s total open interest across the market is about $16.73 million, down 8.88% over the past 24 hours. After the price fell, the positions were also withdrawn, indicating that some leverage had already conceded.
Liquidations in the past 24 hours were only $193k, with long and short positions almost evenly split. What’s truly glaring is the funding rate: for shorts, the cost of continuing to hold at this level is far higher than the liquidation amount.
$ARK $BTC
Would you chase longs when shorts are paying extra, or wait for the funding rate to return to normal?
View in real time: https://www.coinboss.com/zh/funding-rate