Explanation of the funding fee equivalent to the value of an Aventador
Don't be stupid and hard-press for the funding fee!
Unless you have the speed of Thanos snapping his fingers, just go straight for the big play:
If your position hasn't exited in the last second before settlement,
the system will cut your profits based on (principal × leverage) × rate!
For example:
If you have 10,000 USDT and use 10x leverage, the system will calculate based on 100,000 USDT principal,
and a rate of 0.1% will directly deduct 100 USDT from you, enough for three meals at Haidilao!
Don't be foolishly trying to enter and pick up money in the last 30 seconds before settlement,
the exchange has long adjusted the timing to be more unpredictable than your partner,
the actual settlement has a ±15 second fluctuation, messing up the timing could get you cut instead!
For coins like $MAGIC, the market can have a roller coaster within 5 minutes,
that little bit of funding fee isn’t even enough to patch your pants!
Key point to remember:
Positive rate = Longs paying protection fees to Shorts
Negative rate = Shorts giving red envelopes to Longs
Getting the direction wrong will lead to immediate downfall!
This thing is essentially a compensation for being hit,
if you haven't been hit and are just trying to join the fun, you’ll be taught a lesson by the market in no time!
Sure, there are those who aggressively profit from high-frequency trading,
but they use quantum computers + light-speed trading,
for ordinary people, this is like catching an intercontinental missile with empty hands!
A clear path for beginners:
Start with 0.5 positions to test the waters, keep an eye on mainstream coins like Bitcoin and Ethereum
(8-hour settlements are the most stable)
Small coins with 2-4 hour settlements are traps that eat people alive!
Remember, funding fees are often bait from the market manipulators,
if you rush in seeing a high rate, the next second you'll experience being left with nothing!
If you feel like you’ve broken the glass ceiling, hit the follow button a bit more! $BTC
