Just checked the OKX funding-rate board: the third interval is still charging the full “tax.”
$PEPE Current price 0.00000396, down 5.9% for the day, near the daily low.
HL positions: about 25.7M; today’s notional: 5.88M; density: 4.4.
BN spot: about 28.45M; OKX funding rate is still 0.01%.
Price is scraping the bottom, the tax hasn’t eased, and the inventory is still heavy—holding positions takes priority over exiting.
I’m betting the funding rate returns to around 0 first; if I’m wrong, watch for another break below the daily low.
#PEPE费率 #Leverage not unwound
$PEPE Current price 0.00000396, down 5.9% for the day, near the daily low.
HL positions: about 25.7M; today’s notional: 5.88M; density: 4.4.
BN spot: about 28.45M; OKX funding rate is still 0.01%.
Price is scraping the bottom, the tax hasn’t eased, and the inventory is still heavy—holding positions takes priority over exiting.
I’m betting the funding rate returns to around 0 first; if I’m wrong, watch for another break below the daily low.
#PEPE费率 #Leverage not unwound