#BinanceHODLerSOPH The perpetual futures of SOPH/USDT on Binance have some important characteristics that traders should consider:
1. **Long/Short Ratio**: The long/short ratio of the perpetual futures SOPH/USDT is 0.95. This indicates the proportion of long positions versus short positions in the market, which can give an idea of the current trend of traders regarding the direction of the price.
2. **Funding Rate**: The current funding rate is -0.2381%. This rate is crucial for traders who use arbitrage strategies, as it affects the cost of holding a position in the perpetual futures market. A negative rate may indicate that shorts are paying longs, which can influence trading decisions.
3. **Market Movements**: Recently, the SOPH/USDT market has shown a significant increase of 111%. Such movements can be attractive to traders looking for volatility opportunities, but they also involve higher risk.
It is important for traders to consider these factors when trading perpetual futures of SOPH/USDT on Binance, and to stay aware of market conditions and funding rates that may affect their positions.
