Let’s calculate the cost of holding a position: $SAND . The current funding rate is -0.201%, settled every 8 hours, equivalent to an annualized rate of about 219.6%.
In other words, shorts pay longs at every funding interval, and the longer they hold, the more they’re at a disadvantage. If the market stops falling, short covering could push prices higher.
Who do you think will crack first—the bulls or the bears?
#SAND
DYOR, and trade responsibly.
In other words, shorts pay longs at every funding interval, and the longer they hold, the more they’re at a disadvantage. If the market stops falling, short covering could push prices higher.
Who do you think will crack first—the bulls or the bears?
#SAND
DYOR, and trade responsibly.