If you hedged the @solsticefi airdrop until July 9th, you'd only lose **checks notes** 110% of your margin at 2x leverage at current funding rates.
= (-0.2567%*24*9*2)
= -110.9% ROI
IMO, the squeezes will continue until real float increases.
Note: Please do not short this with leverage as a hedge for your airdrop.
If you plan to airdrop hedge, consider <1x leverage, so that any rogue squeezes don't liquidate your portfolio, and even then, IMO, there's no reason to maintain >2days exposure to hedging.
