Funding rates are essentially a “toll” charged between longs and shorts.
$NMR Shorts are paying right now: -0.1%, or about 219% annualized.
The fact that traders are willing to pay to hold short positions suggests short-side leverage is heavily crowded; if the price rebounds, covering buy orders could be fierce.
Do you usually set stop-losses when opening positions?
#NMR
For informational purposes only; not investment advice. DYOR.
$NMR Shorts are paying right now: -0.1%, or about 219% annualized.
The fact that traders are willing to pay to hold short positions suggests short-side leverage is heavily crowded; if the price rebounds, covering buy orders could be fierce.
Do you usually set stop-losses when opening positions?
#NMR
For informational purposes only; not investment advice. DYOR.