$AGT When the position was opened, the funding rate was -0.028%/8h, and the annualized negative funding rate exceeded 31%. A continuously negative funding rate indicates over-speculative long positioning on the derivatives side, while spot holders are willing to pay to maintain short positions.

This structural mismatch of “spot strong, futures weak” provides additional fee-rate income for shorting. From 0.017506 to date, the rate contribution has generated about 0.9% in additional returns, accounting for 4.8% of total profit. $AAPLX

More importantly, the negative funding environment reduces the time cost of holding positions, making a “slow-drawdown” strategy outperform a “quick-drawdown” strategy. The current funding rate is still negative, meaning market sentiment has not yet cleared and the payout odds of holding positions are still improving. $ETH #直通IPO第二期JerseyMikes #布伦特原油重返100美元