LDO is up nearly 2%, but funding rates are pulling in opposite directions—around +7.94e-5 (+79 milli) on Binance, −4.85e-6 (−5 milli) on OKX, and −1.45e-4 (−145 milli) on Bybit.
Prices: around 0.3694 (+1.735%) on Binance and 0.3692 (+1.736%) on OKX; total open interest is around 74 million.
Price is moving up, and Binance longs are still paying, while shorts on OKX and Bybit are collecting—the price action points one way, funding the other.
Up nearly 2%, with Binance longs paying and shorts collecting on the other two exchanges—which side do you think is setting the price, or are shorts hiding where funding is more negative?
View in real time: https://www.coinboss.com/currencies/LDO