Dogecoin funding rate hits 7.4% annualized on OKX as longs pay for third straight period
- —OKX funding at 0.0068% per 8 hours equals 7.4% annualized, double the 8-day average
- —Hyperliquid charges 0.00125% hourly, roughly 11% annualized
- —Long accounts now outnumber shorts 4.87 to 1, up from 3.19 a week ago
- —OKX open interest fell 3.8% to 120.2 million DOGE; spot at $0.0772
Why it matters: More long accounts with shrinking open interest points to small retail positions rather than large players, raising the risk of a sharp squeeze if price drops.
Source: CryptoTicker