The funding rate is stuck at 0.0652%. That’s the figure I’m watching for the $Q perpetual, with settlement every four hours. The cost of holding a long position is already no small amount. Another reading has also shown 0.0660%; the direction hasn’t changed, and longs are still the crowded side.
The current price is 0.08596. Open interest hasn’t fallen: about 585,110,003 tokens, with a notional value of roughly $50.29 million. Open interest rose 10.1% over one hour, with a value of about $50.88 million; it rose 18.8% over four hours. Price and open interest are both up, so I’m inclined to read this as long-side capital continuing to add to positions.
The long/short ratio by account is 0.57, meaning accounts skew short; the large-trader long/short position ratio is 1.30, meaning large traders skew long. The two groups aren’t aligned. Around $2.09 million in liquidations were reported over 24 hours—not yet enough to trigger a cascade.
Next, I’ll be watching whether the funding rate can ease from 0.0652% and whether the increase in open interest pauses first.
#资金费率 #多空比
The current price is 0.08596. Open interest hasn’t fallen: about 585,110,003 tokens, with a notional value of roughly $50.29 million. Open interest rose 10.1% over one hour, with a value of about $50.88 million; it rose 18.8% over four hours. Price and open interest are both up, so I’m inclined to read this as long-side capital continuing to add to positions.
The long/short ratio by account is 0.57, meaning accounts skew short; the large-trader long/short position ratio is 1.30, meaning large traders skew long. The two groups aren’t aligned. Around $2.09 million in liquidations were reported over 24 hours—not yet enough to trigger a cascade.
Next, I’ll be watching whether the funding rate can ease from 0.0652% and whether the increase in open interest pauses first.
#资金费率 #多空比