Conclusion upfront: BAN’s funding rate has already pushed longs to a high level. Binance’s annualized rate is about 125%, yet positions are still being piled higher.
Binance charges 0.0573% every 4 hours, which translates to an annualized rate of about 125%; Aster is even higher, at an annualized 616%. Every time longs settle, they’re essentially paying rent, and the cost of chasing rallies isn’t low.
Total position value is approximately $19.39 million, up 2.5% over the past 24 hours. Binance positions increased by 3.4%. MEXC holds the top share at 40%, and the add-on across platforms isn’t evenly distributed.
In the past 24 hours, BAN liquidations were only $3,703, suggesting the funding rate is expensive, but it hasn’t yet evolved into large-scale forced liquidations. Will you continue chasing longs, or wait for the funding rate to come down?
Check in real time: https://www.coinboss.com/zh/funding-rate