Let’s do the math: $SAND has a current funding rate of -0.201%, settled every 8 hours, which works out to an annualized rate of about 219.6%.
In other words, shorts pay longs at every settlement, so the longer you hold a short position, the more disadvantaged you become. If the market can’t fall any further, short covering could easily push the price up.
Would you take a position at this level?
#SAND
Stay rational and only trade within your means.
In other words, shorts pay longs at every settlement, so the longer you hold a short position, the more disadvantaged you become. If the market can’t fall any further, short covering could easily push the price up.
Would you take a position at this level?
#SAND
Stay rational and only trade within your means.