$LA annualized at -285%. This might sound like a joke to some people, but it’s the reality of LA perpetuals right now. Shorts are paying out of pocket—the shorts are the ones paying—so holding a short position means getting drained every day. At first glance, that seems bullish, but anyone who trades futures knows how long negative funding can last depends entirely on how strong the spot market is. Short sellers aren’t stupid either; if they’re willing to pay this much, they must have a reason. So tell me: what makes you think you’re smarter than those people who keep holding on despite the high costs? #资金费率 #合约观察 #LA