The funding rate is basically a “toll” that longs and shorts charge each other.
$ARK : Shorts are paying right now—-0.0249%, or about 217.8% annualized.
If traders are willing to pay and still go short, that means leveraged shorts are crowded. As long as the price doesn’t fall, buying to close positions could get frantic.
How much leverage do you usually use?
#ARK
For reference only; not investment advice. DYOR.
$ARK : Shorts are paying right now—-0.0249%, or about 217.8% annualized.
If traders are willing to pay and still go short, that means leveraged shorts are crowded. As long as the price doesn’t fall, buying to close positions could get frantic.
How much leverage do you usually use?
#ARK
For reference only; not investment advice. DYOR.