With that backdrop, funding tells its own story.
Even after yesterday's sharp drop, aggregate funding is still running at -3.48% annualized. That points to a market leaning short here, with stress still high if this weakness extends.
Several names still showed positive funding despite deep 1-day drawdowns.
With that backdrop, funding tells its own story. Even after yesterday's sharp drop, aggregate funding is still running at -3.48% annualized. That points to a market leaning short here, with stress still high if this weakness extends.
View the full Market Update show · 28 July 2026 →