Put simply, the funding rate is a “toll” charged between longs and shorts.
$SKL Shorts are paying right now: -0.124%, or about 272% annualized.
The fact that people are willing to pay to stay short means there’s a lot of money chasing shorts; as long as the price doesn’t fall, short covering could trigger some fierce buying.
What leverage do you usually use?
$SKL Shorts are paying right now: -0.124%, or about 272% annualized.
The fact that people are willing to pay to stay short means there’s a lot of money chasing shorts; as long as the price doesn’t fall, short covering could trigger some fierce buying.
What leverage do you usually use?