Negative Fund Rates Prompt Long Polygon (MATIC) and AAVE Traders By Cointelegraph

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Negative funding rates encourage long Polygon (MATIC) and AAVE traders

The data shows that AAVE and Polygon (MATIC) Traders are currently paid up to 4.3% per week for long future contracts.

In the crypto markets, traders are generally bullish, or at least the majority of retail investors are. This causes an interesting phenomenon as it prompts arbitrage bureaus and whales to sell futures contracts while simultaneously buying on regular spot exchanges.

Total crypto market capitalization, billion USD. Source: TradingView
AAVE 8 hour margin futures finance rate. Source: Bybt
8-hour USDT / USD margin futures funding rate from the polygon. Source: Bybt

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