Tron's perpetual futures just posted a steep negative funding reading. Funding is the periodic fee between the two sides, and at -0.15% per interval it's the traders betting on a lower $TRX who pay the ones betting on a higher one.
A typical reading is about 0.01%, paid by longs to shorts. Today's level is far outside that and runs the opposite way.
The price has gone their way so far, with $TRX at -8.56% over 24 hours. The fee is the cost of staying short in a market already down.
A typical reading is about 0.01%, paid by longs to shorts. Today's level is far outside that and runs the opposite way.
The price has gone their way so far, with $TRX at -8.56% over 24 hours. The fee is the cost of staying short in a market already down.
