Let’s do the math: $WAL has a current funding rate of -0.316%, equivalent to an annualized rate of about 692.5%.
In other words, shorts are handing out red envelopes 🧧 to longs every funding period just for holding their positions. I’m not even this generous with red envelopes when I send them to friends.
When liquidations are concentrated on one side, only some of the positions on that side are cleared out.
#WAL
Crypto trading is risky. Trade with caution.
In other words, shorts are handing out red envelopes 🧧 to longs every funding period just for holding their positions. I’m not even this generous with red envelopes when I send them to friends.
When liquidations are concentrated on one side, only some of the positions on that side are cleared out.
#WAL
Crypto trading is risky. Trade with caution.