Two interpretations with different implications:
a) you're paid to go long so lots of people will buy
b) the equilibrium is implying people _need_ to get paid to go long, so they must think things are going down
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I don’t think that’s right. “I need to get paid to go long” feels like a weird thought given the Oracle will be higher than spot.
Also if you’re on the fence and there’s a pay increase on a long position, how is that not bullish?
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Negative funding --> shorts paying to longs --> futures are trading _below_ spot, not above it
Bitmex Oracle price >> last traded bitmex price. I’d actually call last traded bitmex price spot.
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I’m getting confused by your word choice. What do you mean by spot?
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Sorry, by spot I mean spot markets ~ index for the futures contracts ~ coinbase BTC/USD mid
What do you mean?
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