If you went long near $NEAR ’s 24-hour high last week, and now you’re seeing the funding rate rise by ↑0.01%, do you start to doubt whether you’ve stepped onto the crowded long side of the knife edge?
NEAR is currently around $1.79.
The 24-hour drop is about 5.89%. After touching the $1.90 high, it pulled back to around $1.78.
NEAR’s contract open interest has reached about 44.7 million tokens,
representing a total value of roughly $80M. The funding rate is currently at ↑0.01%.
Over the most recent 21 periods, the cumulative funding rate is ↑0.064%,
far above the recent average of ↑0.0030%.
In the past 7 days, NEAR’s price recorded a ↓7.2% decline,
but open interest has still grown against the trend.
If the funding rate remains consistently above the 0.003% average,
it may indicate that longs’ carry/holding costs are accumulating continuously.
If the price cannot rebound effectively, this pressure could be amplified further.
Watch points: NEAR is currently around $1.79.
If within the next 24 hours the price fails to break above the $1.90 high,
and the funding rate remains at or above ↑0.01%,
it may suggest that the market has not fully recognized the longs’ positions—this divergence could intensify further.
—
📊 In the last 30 days, 13 directional calls, all auto-settled by candlesticks—only direction, no trade signals.
Not investment advice. Please make your own judgment and assume your own risk.
📌 Leverage Thermometer · Episode 89 · #资金费率 #灼见观察 $NEAR
NEAR is currently around $1.79.
The 24-hour drop is about 5.89%. After touching the $1.90 high, it pulled back to around $1.78.
NEAR’s contract open interest has reached about 44.7 million tokens,
representing a total value of roughly $80M. The funding rate is currently at ↑0.01%.
Over the most recent 21 periods, the cumulative funding rate is ↑0.064%,
far above the recent average of ↑0.0030%.
In the past 7 days, NEAR’s price recorded a ↓7.2% decline,
but open interest has still grown against the trend.
If the funding rate remains consistently above the 0.003% average,
it may indicate that longs’ carry/holding costs are accumulating continuously.
If the price cannot rebound effectively, this pressure could be amplified further.
Watch points: NEAR is currently around $1.79.
If within the next 24 hours the price fails to break above the $1.90 high,
and the funding rate remains at or above ↑0.01%,
it may suggest that the market has not fully recognized the longs’ positions—this divergence could intensify further.
—
📊 In the last 30 days, 13 directional calls, all auto-settled by candlesticks—only direction, no trade signals.
Not investment advice. Please make your own judgment and assume your own risk.
📌 Leverage Thermometer · Episode 89 · #资金费率 #灼见观察 $NEAR