How expensive has it become for bears to hold their positions? The funding rate for Binance $MEW perpetuals has fallen to -0.1244%. With settlements every 4 hours and about 213 minutes until the next one, continuing to short means paying this fee to the other side. The mark price is 0.0004720 USDT and the current price is 0.0004721—almost identical—so the negative funding rate has not created a noticeable price gap. The token is up 14.81% over 24 hours, with $5.42 million in trading volume. The market is relatively thin, yet the funding rate is extremely negative. This looks more like rising holding costs as shorts crowd in than a direction that has already been decided.
#资金费率 #合约