Let’s do the math: $OGN . The current funding rate is -0.105%, settled every 4 hours, which works out to an annualized rate of approximately 229%.
In other words, short positions pay longs at every settlement, so the longer you hold a short, the more you’re at a disadvantage. Once the market stops falling, short covering can push prices higher.
What leverage do you think is appropriate? Share your thoughts in the comments.
#OGN
In other words, short positions pay longs at every settlement, so the longer you hold a short, the more you’re at a disadvantage. Once the market stops falling, short covering can push prices higher.
What leverage do you think is appropriate? Share your thoughts in the comments.
#OGN