Bitcoin Funding Rates Jump to 100%, Sparking Opportunity for Savvy Traders

There seems to be no stopping the bitcoin freight train. That's driving the cost of holding leveraged bullish bets in perpetual futures skywards, creating an attractive arbitrage opportunity for non-directional traders.

Markus Thielen, founder of 10X Research, said the rising funding rates likely stem from traders taking bullish bets in anticipation of continued inflows into the U.S.-based spot ETFs.

Read at Coindesk