Market movement alert: $AXL funding rate -0.0989% (shorts pay, approximately 216.6% annualized), 24h +8.11%.
The funding rate is only one reference point. It should be considered alongside open interest and price trends; looking at the rate alone can be misleading.
The funding rate is only one reference point. It should be considered alongside open interest and price trends; looking at the rate alone can be misleading.