HBAR funding rate fork: on Binance, the longs pay rent; on Bybit, they even get paid—yet in the past 24 hours, 93% was still liquidated in longs.
Binance’s annualized funding rate is about 3.8%, while Bybit’s is paying out at an annualized 1.3%. With the same coin, both sides move in opposite directions, and the positions aren’t crowded onto the same side.
Within 24 hours, HBAR was liquidated massively worth $425,000; $395,000 of it went to longs, accounting for 93%. Open interest increased by 1.33% to $223 million, and the longs are still taking the baton.
$HBAR $BTC
Do you think this is taking turns— or the last batch is getting stuck with the bill?
Check in real time: https://www.coinboss.com/zh/funding-rate