Mmastodon BusinessCrypto first seen 23 h ago, last 19 h ago, peak #10
DeFi platform Feeloop reports extreme LYN/USD funding rate
Original: 📊 Feeloop Market Digest ⚡【Arbitrage】 🔥 Max Funding: LYN/USD (-1150.3% APR (Short Pay Long)) 💧【LP Terminal】 🟢 Pools: 3.3M
Feeloop, a decentralized finance platform, published its regular market digest highlighting an unusually extreme funding rate on the LYN/USD pair, with short positions paying long at an annualized rate of minus 1,150 percent. The update also noted liquidity pools totaling 3.3 million and a top BSC liquidity position advertising over 5,000 percent APR. Such extreme negative funding typically signals heavy short positioning or pricing distortions on the underlying asset.
Why now: The extraordinarily negative funding rate on LYN/USD stands out as a potential trading or arbitrage opportunity, drawing attention from crypto traders.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1014431