The change in DOGE perpetual futures open interest notional value reached 5%; OKX data was sampled at 06:04 on November 9.
The funding rate was 0.0081%, the long-short account ratio was 5.15, and the open interest notional value was approximately $0.09B. The account ratio counts accounts by direction and does not represent the value of each account’s positions; none of these three metrics indicates price direction.
· The sample is from OKX alone; the long-short account ratio is not equivalent to the ratio of position values.
Which do you think better reflects the position distribution at the time: the long-short account ratio of 5.15 or the funding rate of 0.0081%?
$DOGE
The funding rate was 0.0081%, the long-short account ratio was 5.15, and the open interest notional value was approximately $0.09B. The account ratio counts accounts by direction and does not represent the value of each account’s positions; none of these three metrics indicates price direction.
· The sample is from OKX alone; the long-short account ratio is not equivalent to the ratio of position values.
Which do you think better reflects the position distribution at the time: the long-short account ratio of 5.15 or the funding rate of 0.0081%?
$DOGE
