Solana Leads Crypto Funding Rates at 10.9% Annualized
Solana leads the crypto market in funding rates, registering an annualized rate of 10.9% according to Pluang.
Solana ($SOL) has taken the lead across the digital asset sector in funding rates, recording an annualized rate of 10.9%, according to data from Pluang. The metric reflects positioning across perpetual swap markets for the asset.
Funding rates are periodic payments between long and short traders in perpetual futures markets, used to tether contract prices to spot prices. A positive funding rate indicates that long positions are dominant and are paying a fee to short positions.
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Key facts
- Solana recorded an annualized funding rate of 10.9% according to Pluang
- The rate places Solana at the forefront of crypto derivatives funding metrics
Source: news.google.com
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