Let's do the math: $BMT has a current-period funding rate of -0.068%, equivalent to an annualized rate of about 595.3%.
In other words, shorts holding positions are sending longs a red envelope every period. Even I don't send red envelopes to my friends this often.
When funding rates or positions are heavily skewed in one direction, a move in the opposite direction is often not far off.
In other words, shorts holding positions are sending longs a red envelope every period. Even I don't send red envelopes to my friends this often.
When funding rates or positions are heavily skewed in one direction, a move in the opposite direction is often not far off.
