Ever wondered how perpetual futures stay aligned with the spot market price? Enter the FUNDING FEES!
How it works?
Funding fee is a periodic payment between long and short position holders, based on the funding rate. - If the funding rate is positive, longs pay shorts. - If the rate is negative, shorts pay longs.
When is it charged?
It happens every 8 hours (or as per your exchange’s interval). The fee is either deducted from your futures wallet or added to it, depending on your position.
Example... You hold a $10,000 long position. - If the funding rate is 0.01%, you'll pay $1. - If it's negative, you'll earn $1 instead.
⚠️ PRO TIP: Always keep an eye on the funding rate in your futures trading dashboard. It directly impacts your PNL.
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This coin has a long way to go before tapping on its golden zone, but this bias is based on the multiple bounces made by price on its VAL which is playing as a strong support as of the moment.
Currently, it is trying to trade above the fast EMA, which is a positive sign for bullish momentum.
Key price to watchout for is at $0.00007499, as this would be a potential break of the 25% key trendline resistance, and at the same time price will trade above the slow EMA.
HARSI still indicating price has yet to regain bullish momentum though. I still need that bullish median crossover to strengthen my bias.
We've already seen a -57.20% dip from its recent peak 3 days ago, and if I am to base it on my Fibs, this could already be a discounted buy, although it could still touch the 70.50% and 79% since price is currently filling the recent Bu-FVG it created.
Price is still above its POC, and a bounce could ultimately lead to a reversal on the recently bearish-crossed EMAs.
HARSI is indicating though of a bearish crossover but volume has not dropped that far from a median, so a bounce is imminent.
In case of a touch on the 70.50% Fib level, my bias will be invalidated as I see a dip further towards a POC touch that could be probable.
We were unable to break the 50% key trendline resistance from the previous attempt and only managed to go up at $3.
Revisiting the weekly chart now, it seems a very good opportunity is unfolding for us as its market has revisited the strong support zone and could very well signal a good and discounted buy opportunity.
#RWA are still one of the best tokens to watchout for and include in your watchlists. Every RWA should be closely monitored, especially $LAND, as their mirror on $OM breakout is inevitable.
For our take profits, refer to the targets on the right, with our banana zone sitting at $11.
Below are also important key FAs to consider for $LAND:
• It's made in the USA, which also means it is operated in US.
• It will be launching in Plume Mainnet, the public blockchain for RWAfi.
• $LAND is also already in BNB Chain, Matic, and ARB.
Caught another good movement and now on $ONDO. These scalps have been terrific so far for me, and it's good to once again focus on my self rather than sparing help to those who are ungrateful.