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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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.
Total Crypto Market 24H Liquidation (02/03/2025, 08:51 AM UTC+10)
🔴LONGS: $959.26M 🟢SHORTS: $135.91M
A total of 431,529 traders got liquidated, resulting in total liquidations amounting to $1.10B. Notably, the largest single liquidation order, valued at $19.05M, occurred on Binance for #ETH/USDT.