$KAIA I had to take a few extra looks at this funding rate. The Binance KAIAUSDT perpetual contract is currently at a funding rate of -0.2409%, settled once every hour, with about 60 minutes until the next settlement. With it this negative, the short side looks pretty crowded, and if you keep shorting, you’ll have to pay this funding fee yourself.
The mark price is 0.05493 USDT, while the current price is around 0.0562. It’s down 7.11% over the past 24 hours, with a trading volume of $538 million. The price is moving lower, yet the funding rate is extremely negative—the two signals seem to be telling different stories.
How do you read this contradiction? Do you trust the price more, or the funding rate?
$KAIA #FundingRate
The mark price is 0.05493 USDT, while the current price is around 0.0562. It’s down 7.11% over the past 24 hours, with a trading volume of $538 million. The price is moving lower, yet the funding rate is extremely negative—the two signals seem to be telling different stories.
How do you read this contradiction? Do you trust the price more, or the funding rate?
$KAIA #FundingRate