The rate is this high, but the price hasn’t followed. The $SKHYNIX 4-hour funding rate is holding at 0.0829%, with longs crowded on one side and the cost of holding positions pushed higher. The current price is 1100.6, down just -0.41% over 24 hours, while the mark price is 1,100.33—almost exactly in line. The next settlement is about 102 minutes away, and longs are still paying a premium for the crowding. 24-hour trading volume is $1.504 billion, so this isn’t a quiet market: there are plenty of traders, but sentiment is skewed in one direction. I see 0.0829% as a cost signal: the price hasn’t shown a trend, but the funding rate has already sent a message. If the rate falls noticeably around settlement, that would suggest the crowding is easing.
#资金费率 #永续合约