Conclusion upfront: COTI shorts didn’t just get downward gains for free; they’re actually paying rent to the longs.
Binance 4-hour funding rate -0.1215%, which translates to an annualized payout of about -266%; Bybit rate -0.2337%, annualized payout of about -256%. A negative sign means shorts pay and longs receive; the longer you hold the position, the more obvious the cost becomes.
10-house platform average rate -0.1305%, with the trend nearly entirely bearish. The related traded value is about $32.73 million; short crowding has already been written into the rate.
Being right on direction isn’t the same as holding onto profit—once a rebound comes, closing positions and the rate pressure may hit together. Will you keep holding, or wait for the rate to revert?
View in real time: https://www.coinboss.com/funding-rate