On the long side, can the market still absorb a 0.1459% four-hour funding rate?
$SKHYNIX Mark price 944.65, current price 944.76—there’s barely any gap. Yet the 24-hour change is -3.01%, with $1.68 billion in trading volume. Price is moving down while the funding rate is extremely high. I read that as longs still being crowded in, with the cost of going long pushed higher.
There are about 89 minutes until the next settlement. I’ll wait to see whether this funding rate holds after settlement, rather than calling the direction just yet.
#资金费率 #永续合约
$SKHYNIX Mark price 944.65, current price 944.76—there’s barely any gap. Yet the 24-hour change is -3.01%, with $1.68 billion in trading volume. Price is moving down while the funding rate is extremely high. I read that as longs still being crowded in, with the cost of going long pushed higher.
There are about 89 minutes until the next settlement. I’ll wait to see whether this funding rate holds after settlement, rather than calling the direction just yet.
#资金费率 #永续合约