Let’s do the math: $NMR has a current funding rate of -0.0793%, settled every 4 hours, equivalent to an annualized rate of about 173.6%.
In other words, anyone holding a short position pays the longs at every settlement, so the longer shorts hold on, the more they’re at a disadvantage. If the price stops falling, short covering can easily push it higher.
What’s a sensible amount of leverage? Share your thoughts in the comments.
#NMR
This data is for reference only. Please make your own decisions.
In other words, anyone holding a short position pays the longs at every settlement, so the longer shorts hold on, the more they’re at a disadvantage. If the price stops falling, short covering can easily push it higher.
What’s a sensible amount of leverage? Share your thoughts in the comments.
#NMR
This data is for reference only. Please make your own decisions.