Feb. 2 at 9:06 PM
$BNKK Sucks to be a short with a high CTB!
With a 142% borrow rate on BNKK it costs roughly .39% per day just to hold a short. That is about
$39 per day per 10k shorted, about
$1,200 per month, and about
$390 per day or
$11,700 per month on a 100k position. And that is before price moves against them.
Borrow is tight, fees are crushing, and time is not on the short side. Even naked exposure is not free. While there is no direct borrow fee on synthetic shares, the cost shows up through margin pressure, capital being tied up, locate and rollover risk, and the constant threat of forced buy ins when real shares cannot be sourced.
When it gets this expensive just to sit still, pressure keeps building!
