The bottom line: funding rates for MOVR are negative on all four major exchanges. Shorts are collecting funding, with the highest annualized rate reaching -438%; short positions that are still holding on stubbornly have to pay every day.
Binance, Bybit, and Gate are all moving in the same direction, with short-side funding rates at around -233% to -438% annualized. Gate is more extreme: based on the current settlement interval, its rate annualizes to -438%. A negative funding rate doesn’t mean shorts are guaranteed to win; it suggests short positions are overcrowded, so if the market rebounds, a short squeeze could happen faster.
MOVR perpetual contracts have traded around $450 million in the past 24 hours—a substantial amount—yet the funding-rate gap hasn’t been quickly arbitraged away. If you’re looking to chase a short, first work out how much each settlement will cost you; if you’re looking to go long, don’t treat high funding rates as a signal that prices must rise.
$MOVR $BTC
With shorts paying this much, will you keep holding or get out first?
View in real time: https://www.coinboss.com/funding-rate