YU-BTCUSDT is trading at a significant discount at an Implied APR 7.09%, to an Underlying APR of 10.44% (BTCUSDT Funding Rates). This shows that YU traders anticipate that BTC's funding rates to decrease, despite the market being bullish BTC today (as shown by the 10.44% APR/Funding Rate)... or that the Boros market hasn't caught on to the bullish sentiment yet? But if you'd like to bet on funding rates continuing to increase, and YUs catching up, longing YU-BTCUSDT is the play. If Implied APR reaches Underlying APR, you'll capture a 47% move (7.09% to 10.44%) on YUs, a juicy trade to take on the long side! And if you're long YUs until market expiry (50 days), and enter now at 7.09%, you'll also capture that same move if funding rates remain elevated going into expiry.
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