Bottom line: ARK is down 2.5%, and shorts are paying out every hour. Funding rates are negative on Binance, Bybit, and Gate, but short sellers haven’t backed off yet.
Binance funding is -0.0335%, equivalent to an annualized rate of about -294% based on hourly settlements; Bybit is around -281%, and Gate around -299%. Shorts aren’t collecting money—instead, they’re paying longs. The longer they hold their positions, the higher the cost.
ARK is currently priced at $0.2154, with a 24-hour high of $0.2244 and a low of $0.2139. It is down 2.53% on Binance, 2.95% on Bybit, and 2.49% on Gate, with prices moving in the same direction. OKX does not currently list this contract, so Bybit and Gate are used for cross-market monitoring.
Funding rates are already heavily skewed, yet the price remains near its intraday low. Before chasing a short, factor in the funding costs; if you’re looking to buy the dip, don’t mistake negative funding for a signal that a rebound is imminent.
$ARK $BTC
Shorts are willing to keep paying to hold their positions. How much longer do you think ARK can keep falling?
Check in real time: https://www.coinboss.com/funding-rate