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Smart Money Eyes Market-Neutral Trades as ADA, AXS See Unusually Low Funding Rates

For instance, holding a short position (a bearish bet) in the perpetual futures market tied to Cardano’s ADA and play-to-earn giant Axie Infinity’s AXS token has become unusually costly, creating a window of opportunity for market-neutral traders to make attractive returns, according to Markus Thielen, head of research at strategy at Matrixport, a crypto services provider with $10 billion in assets under management.