Funding Rate Notes｜The funding rate for $CTK plunged to -1.3543%, meaning shorts have to pay longs every settlement period.
The current price is 0.1772, up 34.85% in 24 hours, hitting a recent high. As the price surges, shorts still have to keep paying. Those holding short positions have taken a beating during this rally.
One quick note: perpetual contracts have no expiry date. Funding rates are used to pull their prices toward spot prices, and a negative rate means shorts pay longs. The more extreme the rate, the more crowded one side is—and a push in the opposite direction can easily trigger a cascade of liquidations.
How much longer do you think this rate will stay negative?
Just my personal observation, not investment advice.
The current price is 0.1772, up 34.85% in 24 hours, hitting a recent high. As the price surges, shorts still have to keep paying. Those holding short positions have taken a beating during this rally.
One quick note: perpetual contracts have no expiry date. Funding rates are used to pull their prices toward spot prices, and a negative rate means shorts pay longs. The more extreme the rate, the more crowded one side is—and a push in the opposite direction can easily trigger a cascade of liquidations.
How much longer do you think this rate will stay negative?
Just my personal observation, not investment advice.