Simply put, the funding rate is a “toll” that longs and shorts charge each other.
$BTW Shorts are paying right now: -0.374%, or about 820.1% annualized.
If traders are willing to pay to stay short, that suggests bearish leverage is heavy; if the price rebounds, short-covering could trigger a sharp wave of buying.
Do you check funding rates before placing a trade?
#BTW
Just my personal opinion—not a basis for buying or selling.
$BTW Shorts are paying right now: -0.374%, or about 820.1% annualized.
If traders are willing to pay to stay short, that suggests bearish leverage is heavy; if the price rebounds, short-covering could trigger a sharp wave of buying.
Do you check funding rates before placing a trade?
#BTW
Just my personal opinion—not a basis for buying or selling.