To be honest, just saw the funding rate for $SKL : -0.254%. Shorts pay the fee, which annualizes to about 555.3%.
A negative funding rate means everyone is short, but when the positioning is too consistent, it often becomes easy to get counterattacked. I’ll be especially alert for a rebound.
Do you guys pay attention to the funding rate?
#SKL
Data comes from publicly available information—please make your own judgment (DYOR).
A negative funding rate means everyone is short, but when the positioning is too consistent, it often becomes easy to get counterattacked. I’ll be especially alert for a rebound.
Do you guys pay attention to the funding rate?
#SKL
Data comes from publicly available information—please make your own judgment (DYOR).