Funding rate for the last 30 days is at 6%, the lowest since the beginning of 2023.
94% of the time in the past month had funding higher than the current rate.
This means that shorts have been paying fees to longs almost every day.
In January, the average was +0.005% with a percentile above 80%.
However, February reversed the entire market, with funding dropping to -0.003%.
March was even worse at -0.004%.
25 out of the last 30 days had negative funding. The last time the percentile was this low was at the beginning of 2023. Nearly 3 years have passed and it has not returned to this level until now.
94% of the time in the past month had funding higher than the current rate.
This means that shorts have been paying fees to longs almost every day.
In January, the average was +0.005% with a percentile above 80%.
However, February reversed the entire market, with funding dropping to -0.003%.
March was even worse at -0.004%.
25 out of the last 30 days had negative funding. The last time the percentile was this low was at the beginning of 2023. Nearly 3 years have passed and it has not returned to this level until now.