Put simply, the funding rate is the “toll” paid between longs and shorts.
$MINA : shorts are paying right now: -0.124%, or about 136.4% annualized.
If traders are willing to pay just to hold short positions, that means bearish sentiment is strong; if the price doesn’t fall, short-covering could trigger a sharp wave of buying.
Do you trade futures much?
$MINA : shorts are paying right now: -0.124%, or about 136.4% annualized.
If traders are willing to pay just to hold short positions, that means bearish sentiment is strong; if the price doesn’t fall, short-covering could trigger a sharp wave of buying.
Do you trade futures much?