Cardano Funding Negative on Six Venues in Nov. 9 Snapshot

Cardano (ADA) perpetual futures showed diverging signals in a Nov. 9 snapshot: funding was negative on six of nine measured venues, while 65% of Binance ADA perpetual accounts were long. Top traders held about 63% of their position size on the long side, a separate measure from the share of accounts positioned long. A broader venue comparison put Bybit’s funding rate at about -0.0113% per eight hours and Hyperliquid’s at about -0.0103%. The median rate was -0.0041% per eight hours; two venues were positive and one was neutral. Negative funding means traders with short positions pay those holding long positions.