📌 Market data: $BIRB funding rate -0.197%, settlement interval 4 hours, approximately 432.1% annualized; shorts pay.
Price over the same period: -2.96% in 24h, current price 0.05237.
The more negative the funding rate, the more crowded the short positions are. Anyone who understands this care to explain?
Price over the same period: -2.96% in 24h, current price 0.05237.
The more negative the funding rate, the more crowded the short positions are. Anyone who understands this care to explain?