Let's do the math: $BR — the current funding rate is -0.0989%, settled every 4 hours, equivalent to an annualized rate of about 216.6%.
In other words, short positions pay longs at every settlement, so the longer you hold a short, the more disadvantageous it gets. Once the market stops falling, short covering can push prices up.
Did you profit or lose this round?

#BR

For market tracking purposes only. Make your own trading decisions.