Put simply, the funding rate is the “toll” longs and shorts charge each other.
$AXL Shorts are paying right now: -0.052%, or about 113.9% annualized.
If traders are willing to pay and still hold short positions, it means bearish leverage is heavily crowded; if the price rebounds, short-covering buying could come in fast.
Have you ever been caught by a sudden wick?
#AXL
$AXL Shorts are paying right now: -0.052%, or about 113.9% annualized.
If traders are willing to pay and still hold short positions, it means bearish leverage is heavily crowded; if the price rebounds, short-covering buying could come in fast.
Have you ever been caught by a sudden wick?
#AXL