I just came across the funding rate for $RLC : -0.275%. Shorts are paying, which works out to an annualized rate of about 603.1%.
A negative funding rate means a lot of people are short, but when a trade gets too crowded, the market often moves the other way. I’ll be especially cautious about a rebound.
Do you use funding rates as a reference?
#RLC
Do your research before placing an order.
A negative funding rate means a lot of people are short, but when a trade gets too crowded, the market often moves the other way. I’ll be especially cautious about a rebound.
Do you use funding rates as a reference?
#RLC
Do your research before placing an order.