The price hasn’t gone down, but it’s the shorts who are paying. $MINA is trading at 0.0745, up 1.09% over the past 24 hours. The Binance perpetual funding rate has already reached -0.0655%, settled every 8 hours. The mark price is 0.07438, very close to the current price, so the negative funding rate isn’t being driven by a price spread widened by a sell-off. There are about 426 minutes until the next settlement, and 24-hour trading volume is $17.03 million—that’s the size of this market. With the funding rate this negative, I’m more interested in which side the shorts are crowded on than in this bit of price appreciation itself.
#资金费率 #永续合约