Let's calculate the cost of holding a position: $XAN . The current funding rate is -0.0997%, settled every 4 hours, which works out to approximately 218.3% annualized.
In other words, short sellers pay long holders at every settlement, so the longer shorts hold their positions, the more disadvantaged they become. As long as the price stops falling, short covering can easily push it up.
What leverage do you usually use?
#XAN
In other words, short sellers pay long holders at every settlement, so the longer shorts hold their positions, the more disadvantaged they become. As long as the price stops falling, short covering can easily push it up.
What leverage do you usually use?
#XAN
