$CTSI , this funding rate is -127%—short sellers are actually paying to stay in? Honestly, when I see data like this, my first reaction isn’t to go short; it’s to wonder whether the shorts are all piling in together. The perpetual funding rate is so negative that it’s more than 100% annualized. Leverage costs are absurdly high, and spot and futures have completely diverged.

In an extreme situation like this, either the market has panicked too much, or someone is arbitraging the price difference. My take: don’t rush in, and don’t chase the market sentiment. First, see whether trading volume can hold up.

#资金费率 #合约观察 #CTSI