Because there are many short orders stuck below, it has been negative for a long time, unless they cut the stop-loss orders, it will decrease. The more people short, the deeper it goes negative. Like those positive funding as well.

$PIPPIN brothers, the response to this report about this one cheating and manipulating the price, causing a high funding rate for the exchange, needs to be handled. Other ones with fd down to -2% don't maintain such a high level like this, and they have fd for another hour.