Quick aside: before placing an order, I always check the funding rate first.
For example, right now it’s $BTW : -0.106%, with shorts paying, or about 232.2% annualized.
When the rate is this low, chasing shorts means constantly paying longs while taking on rebound risk. I usually stay out of the fray.
Would you trade at a level like this?
#BTW
For example, right now it’s $BTW : -0.106%, with shorts paying, or about 232.2% annualized.
When the rate is this low, chasing shorts means constantly paying longs while taking on rebound risk. I usually stay out of the fray.
Would you trade at a level like this?
#BTW