shitcoin trend following szn
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why do funding rates on the perps go aggressively negative at times on some of these? seems counter intuitive
3 replies 0 retweets 8 likesShow this thread -
Replying to @TheSpeculator0
Incentives to hold spot can be pretty high (eg staking AXS for yield, or holding BNB for fee discounts) and everyone wants to short the perp as a hedge.
2 replies 0 retweets 11 likes
Replying to @macrocephalopod @TheSpeculator0
Corollary is that if you can find a way to be long AXS or BNB via perps you can pick up a pretty amazing carry.
3:17 PM - 30 Oct 2021
0 replies
0 retweets
6 likes
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