Put simply, the funding rate is the “toll” longs and shorts charge each other.
$OGN : shorts are paying right now—-0.0628%, or about 137.5% annualized.
If traders are willing to pay and still go short, it means leveraged short positions are crowded. If the price stops falling, short-covering buying could be fierce.
Share your position management strategy in the comments.
$OGN : shorts are paying right now—-0.0628%, or about 137.5% annualized.
If traders are willing to pay and still go short, it means leveraged short positions are crowded. If the price stops falling, short-covering buying could be fierce.
Share your position management strategy in the comments.