Let me share a quick thought: I always check the funding rate before placing an order.
Take $GTC right now: -0.226%, with shorts paying, or about 494.9% annualized.
When the rate is this low, chasing shorts means constantly paying longs while also taking on the risk of a rebound. I usually stay out of that kind of trade.
Did you make money or lose money on this move?
Take $GTC right now: -0.226%, with shorts paying, or about 494.9% annualized.
When the rate is this low, chasing shorts means constantly paying longs while also taking on the risk of a rebound. I usually stay out of that kind of trade.
Did you make money or lose money on this move?