Bottom line: Funding rates on SOL perpetuals at two major exchanges are both positive, meaning longs are paying shorts. The annualized rate is about 10.9%, so chasing longs is already getting costly.
The latest funding rate is 0.009933% on Binance and 0.004435% on OKX. They point in the same direction, but positioning is more crowded on Binance. SOL is trading at about $104.81, up 0.66% over 24 hours. The price hasn’t risen much, but funding rates are already ticking up, suggesting leveraged longs are piling in early.
This isn’t a bearish signal, but if the price stays flat, traders on the long side will keep paying fees. If a rally fails, crowded long positions could also magnify the pullback. Would you keep holding longs, or wait for funding rates to cool off first?
$SOL
View in real time: https://www.coinboss.com/funding-rate