$POWR currently has a funding rate of -1.16. That means short sellers are paying a significant fee to long holders every funding interval. For example, if you open a $10,000 long position, you could receive around $116 in funding payments each cycle at the current rate. And that's before considering the possibility of Binance changing the funding interval from 4 hours to 1 hour. If the funding rate drops further to -2 or even -3, the funding income could become even more substantial. 👀💰🚀
$VELVET $LAB