The current position of a token’s futures can indicate the total amount of its futures contracts that are still active, regardless of whether they have been closed or not. An increase in this position may suggest that more traders are joining the market to initiate new positions. Along with the growing open interest in HBAR, the funding rate on various cryptocurrency exchanges has consistently stayed positive. This pattern has persisted since May 3, which was the last time the altcoin experienced a negative funding rate. Funding rates play a crucial role in perpetual futures contracts by helping to maintain the contract price in proximity to the spot price.
