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WLFI Perpetual Funding Rates Turn Negative on Binance and Bybit

As of September 1, Binance’s WLFI perpetual contracts show a -0.2317% 4-hour funding rate, equal to -1.39% daily, underscoring sustained short pressure in the market.

Summary

On September 1, WLFI perpetual contracts recorded abnormal negative funding rates on major centralized exchanges. Binance posted a -0.2317% 4-hour rate, translating to -1.39% daily, signaling strong short positioning by traders. Previous data cited Bybit at -0.4338% and Binance at -0.137%, suggesting the pressure has intensified.

Terms & Concepts
  • Perpetual funding rate: A recurring payment between long and short traders to keep perpetual futures prices aligned with the spot market; negative rates indicate dominance of short positions.
  • CEX (Centralized Exchange): A crypto trading platform operated by a centralized entity, such as Binance and Bybit, where WLFI perpetual contracts are traded.
  • Short positioning: A trading stance where investors bet on an asset’s price declining; negative funding rates reflect heavy short positioning.