$BTW funding rate: -0.257% (shorts pay; approximately 562% annualized).
Short positions are overcrowded. The high rate means that holding a position in the crowded direction comes with steadily accumulating costs; hold it long enough, and the fees alone can add up significantly.
Short positions are overcrowded. The high rate means that holding a position in the crowded direction comes with steadily accumulating costs; hold it long enough, and the fees alone can add up significantly.