Put simply, the funding rate is a “toll” charged between longs and shorts.
$BLUR Shorts are currently paying: -0.12%, or about 262% annualized.
The fact that traders are willing to pay to stay short means there’s heavy leverage on the short side; if the price rebounds, buying to cover could be intense.
How much leverage is appropriate? Leave a comment and let’s discuss.
#BLUR
$BLUR Shorts are currently paying: -0.12%, or about 262% annualized.
The fact that traders are willing to pay to stay short means there’s heavy leverage on the short side; if the price rebounds, buying to cover could be intense.
How much leverage is appropriate? Leave a comment and let’s discuss.
#BLUR