Put simply, the funding rate is a “toll” paid between longs and shorts.
$PHA : Shorts are currently paying -0.155%, or about 340.7% annualized.
The fact that traders are willing to pay to stay short suggests strong selling pressure. If the price rebounds, short-covering could trigger a rush of buying.
Do you check the funding rate before placing a trade?
For reference only. Make your own trading decisions.
$PHA : Shorts are currently paying -0.155%, or about 340.7% annualized.
The fact that traders are willing to pay to stay short suggests strong selling pressure. If the price rebounds, short-covering could trigger a rush of buying.
Do you check the funding rate before placing a trade?
For reference only. Make your own trading decisions.