Just musing: I just saw the funding rate for $SIREN : 0.102%. Longs are paying, which works out to an annualized rate of about 222.6%.
When the positive funding rate is this high, I usually don’t chase longs. When everyone’s on the same side of a trade, it often backfires.
Do you use funding rates as a reference?
#SIREN
When the positive funding rate is this high, I usually don’t chase longs. When everyone’s on the same side of a trade, it often backfires.
Do you use funding rates as a reference?
#SIREN