Let’s do the math: $MINA has a current funding rate of -0.27%, settled every 8 hours, which works out to an annualized rate of about 295.1%.
In other words, short sellers pay longs every funding period, and the longer they hold their positions, the more disadvantaged they become. Once the price stops falling, short covering can drive it back up.
Have you ever been caught in a sudden price wick?
#MINA
For discussion purposes only. You are responsible for your own gains and losses. Participate rationally.
In other words, short sellers pay longs every funding period, and the longer they hold their positions, the more disadvantaged they become. Once the price stops falling, short covering can drive it back up.
Have you ever been caught in a sudden price wick?
#MINA
For discussion purposes only. You are responsible for your own gains and losses. Participate rationally.