Stay safe short position holders of $MYX 🚨

May your position laps in funding fees.

Which is near around -0.61 % per day holding is near 3 % a day of your total amount of position. It may liquidate you if you are holding leverage trade in short.

What is funding fees ? 🧐

Funding fees are defined by funding rates, which are driven by two factors: the interest rate and the premium index (the difference between the contract and the spot price).

• Positive funding rate: If the contract price is higher than the spot price, the funding rate will be positive, meaning longs pay funding fees to shorts.

• Negative funding rate: If the contract price is below the spot price, shorts pay the longs. This helps push the price back up to match the spot.

More 10x tokens will share with my all prime members. 🦾

Be ready 🚀