I can’t help but comment—I just came across the funding rate for $ANIME : -0.293%. Shorts are paying, which works out to an annualized rate of about 641.3%.
A negative funding rate means everyone is short, but when trades are this one-sided, they often get caught on the wrong side of a reversal. I’ll be especially cautious about a rebound.
Do you keep an eye on funding rates?
A negative funding rate means everyone is short, but when trades are this one-sided, they often get caught on the wrong side of a reversal. I’ll be especially cautious about a rebound.
Do you keep an eye on funding rates?