🚨 Highest Ever Funding Fee Paid on MYXUSDT – A Shocking 99.65% Allocation! 🚨
Just paid a massive $1,267.44 in funding fees, and a staggering 99.65% of it went to MYXUSDT alone! 😱
📊 Breakdown of Paid Funding Fee Allocation:
• MYXUSDT: 99.65% ($1,267.44)
• PROVEUSDT: 0.20% ($2.50)
• RAREUSDT: 0.11% ($1.44)
• ENAUSDT: 0.03% ($0.36)
• IOSTUSDT: 0.00% ($0.05)
• Others: 0.01% ($0.15)
🧠 Why it’s concerning:
• Funding rate recently spiked to -2.00%, the highest observed in 24h (previously ~-0.06%).
• This could indicate a strong bearish sentiment or market imbalance in perpetual contracts.
• The fee suggests shorts are aggressively paying longs to hold positions, likely due to extreme leverage on long side or liquidity imbalance.
🔎 My Position:
I was holding a short on MYXUSDT, which is why the funding fee hit me hard. It’s a warning sign for all traders in low-cap or illiquid pairs — the costs can be brutal.
💬 Fellow traders, have you experienced similar funding fee spikes recently? Drop your insights below.
#Binance #MYXUSDT #CryptoFundingFees #FuturesTrading #TraderAlert #EngrsAnalysis $MYX
$MYX
