Bottom line: FARTCOIN is down 2.3%. Funding rates on Binance and OKX are both positive at 0.005%, meaning longs are paying shorts. But open interest fell 3.69% in a day, as traders chasing longs pull back.
The current price on both exchanges is around $0.165. The 24-hour high is about $0.1698 and the low about $0.1506, with both down roughly 2.3%. There's no notable price divergence.
Funding rates settle every 4 hours, equivalent to an annualized rate of about 4.56%. Longs continue to subsidize shorts, but conditions aren't extremely crowded yet, so don't go long based on funding rates alone.
Open interest across all platforms is about $164 million, down 3.69% over 24 hours. Hyperliquid open interest is about $36.87 million, or 22.5% of the total, also down 8.22%. With prices falling as open interest contracts, watch whether leverage continues to unwind.
$FARTCOIN $BTC
Longs are paying, and open interest is still falling. Would you wait for it to bottom out or stay bearish?
View in real time: https://www.coinboss.com/currencies/FARTCOIN