Honestly, I always check the funding rate before placing an order.
Take $BLUR right now: -0.133%, meaning shorts pay, with an annualized rate of around 290.2%.
When the rate is this low, chasing shorts means paying longs every funding interval, while also risking a short squeeze. I usually stay out.
Do you usually set a stop-loss when you open a position?
Take $BLUR right now: -0.133%, meaning shorts pay, with an annualized rate of around 290.2%.
When the rate is this low, chasing shorts means paying longs every funding interval, while also risking a short squeeze. I usually stay out.
Do you usually set a stop-loss when you open a position?