🛎️ Intraday Update | Funding Rate
$UVXY Current funding rate: -0.2999%. Short positions are somewhat crowded, with shorts paying the funding cost.
The rate reflects the cost of holding a position. The higher its absolute value, the greater the risk of one-sided crowding and a reversal in volatility.
We’ll continue to monitor how it changes.
#UVXY #Funding Rate
$UVXY Current funding rate: -0.2999%. Short positions are somewhat crowded, with shorts paying the funding cost.
The rate reflects the cost of holding a position. The higher its absolute value, the greater the risk of one-sided crowding and a reversal in volatility.
We’ll continue to monitor how it changes.
#UVXY #Funding Rate