Just sharing a quick thought: I always check the funding rate before placing an order.
For example, right now it’s $ERA : -0.0548%. Shorts pay, which works out to around 120% annualized.
When the rate is this low, chasing shorts means paying longs every funding period while also having to watch out for a rebound. I usually stay away.
Would you open a position at this level?
#ERA
For example, right now it’s $ERA : -0.0548%. Shorts pay, which works out to around 120% annualized.
When the rate is this low, chasing shorts means paying longs every funding period while also having to watch out for a rebound. I usually stay away.
Would you open a position at this level?
#ERA