Put simply, the funding rate is a “toll” that longs and shorts pay each other.
$BR : Shorts are currently paying -0.104%, or about 227.8% annualized.
The fact that traders are willing to pay and still hold short positions means there’s heavy money chasing the downside; as long as the price doesn’t fall, buying to close those positions could be intense.
Would you dare trade at a level like this?
$BR : Shorts are currently paying -0.104%, or about 227.8% annualized.
The fact that traders are willing to pay and still hold short positions means there’s heavy money chasing the downside; as long as the price doesn’t fall, buying to close those positions could be intense.
Would you dare trade at a level like this?