Shorting $UVXYB right now means paying out, not collecting. Binance UVXYUSDT perpetual funding rate is -0.4145%, settled every 8 hours, with about 54 minutes until the next settlement. At this negative level, I read it as a crowded short trade: shorts have to pay longs.
The mark price is 18.22 USDT, while the current price is 18.18, down 4.37% over 24 hours. The price is falling, yet the funding rate is extremely negative, suggesting the short side is more crowded than the price decline alone would indicate. 24-hour trading volume is $5.01 million, so the market isn't particularly deep. This fee will be added directly to short sellers' costs before settlement. I see this only as crowding in the funding market, not as a direction that's already set in stone.
#资金费率 #市场异动
The mark price is 18.22 USDT, while the current price is 18.18, down 4.37% over 24 hours. The price is falling, yet the funding rate is extremely negative, suggesting the short side is more crowded than the price decline alone would indicate. 24-hour trading volume is $5.01 million, so the market isn't particularly deep. This fee will be added directly to short sellers' costs before settlement. I see this only as crowding in the funding market, not as a direction that's already set in stone.
#资金费率 #市场异动