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
so it almost works like a regular asset with a div yield, how quaint.
1 reply 0 retweets 6 likes
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