Honestly, I just saw the funding rate for $ERA : -0.521%. Shorts are paying, which works out to an annualized rate of about 1141.7%.
A negative funding rate means a lot of people are short, but overly crowded trades are often prone to sharp reversals, so I’ll be especially cautious about a short squeeze.
Do you use funding rates as a reference?
#ERA
The above is a summary of publicly available information. Please verify it yourself.
A negative funding rate means a lot of people are short, but overly crowded trades are often prone to sharp reversals, so I’ll be especially cautious about a short squeeze.
Do you use funding rates as a reference?
#ERA
The above is a summary of publicly available information. Please verify it yourself.