Bottom line: ADA's total open interest fell 0.99% over 24 hours, while open interest on both Binance and OKX increased. Funding rates continue to be paid by longs.

Binance's funding rate is 0.003071%, settled every 8 hours, or about 3.4% annualized. OKX's is 0.008921%, also settled every 8 hours, or about 9.8% annualized. The direction of positive funding rates is clear: longs pay shorts. The longer you stay long, the higher the cost.

ADA's total open interest across exchanges is about $433 million, down 0.99% over 24 hours. Binance's open interest rose 2.19%, and OKX's rose 0.23%. The overall decline was mainly driven by other exchanges, so changes in open interest shouldn't be judged by looking at just one platform.

$ADA

#ADA #资金费率 #OpenInterestChange

ADA bulls are still adding to their positions. Will you keep paying this funding rate?

View in real time: https://www.coinboss.com/currencies/ADA