$SIREN Funding rate: -0.0835% (shorts pay, approximately 182.8% annualized).
Short positions are overcrowded. Such a high funding rate means that holding the majority-side position is becoming increasingly costly; hold it for long enough, and the fees alone will add up.
Short positions are overcrowded. Such a high funding rate means that holding the majority-side position is becoming increasingly costly; hold it for long enough, and the fees alone will add up.