I found that many people who do contracts don't understand the issue of handling fees.
It often happens that I made money in this transaction, but my total funds have decreased. The real reason is that your profit in this transaction is not as high as the handling fee.
Let me popularize the basic knowledge. First of all, you will incur a handling fee for every transaction, whether you open or close a position. Secondly, the handling fee is charged by the exchange to cover the cost of providing trading services and provide profits for operations.
So how is it calculated? Handling fee = number of positions * handling fee rate, of which the maker fee is 0.02% and the taker fee is 0.05%. The maker order means that you open a long order at a price lower than the current market price or a short order at a price higher than the current market price. These orders cannot trigger transactions immediately. Taker orders mean that you open a long order at a price higher than or equal to the current market price or a short order at a price lower than or equal to the current market price. These orders can be triggered immediately.
If the current BTC contract price is 66000u, you open a BTC contract with 6600u 10 times, that is, you open a BTC, then your position is 66000u, and then you close it, and you are charged two fees in total, one for opening and one for closing.
If you are a taker, the fee is 66000*0.05%=33u
If you are a maker, the fee is 66000*0.02%=13.2u
A complete transaction includes two actions, opening and closing, so if you are all takers, the total fee for opening and closing a big pie is 66u.
Of course, your VIP level, BNB discount, and joining rebate can help you save some transaction fees. The specific article will be updated later.
If you want to know your fee rate and VIP level, the location is: the upper left corner of the homepage ~ avatar ~ VIP privileges, the fee rate is very detailed, and the conditions for reaching VIP are detailed. #手续费 #每天一个小知识 $BTC $ETH
I found that many people who do contracts do not understand what funding rates are.
Let me popularize the basics.
Funding rates are the fees that longs (buyers) and shorts (sellers) pay each other regularly in the perpetual contract market. Funding rates can be positive or negative, depending on the relationship between the perpetual contract price and the spot price.
When the perpetual contract price deviates from the underlying spot price, the funding rate will encourage traders to open positions in the opposite direction to collect funding fees. This will eventually bring the price back to the underlying spot price.
In short, when the funding rate is positive, long positions pay funding fees to short positions. When the funding rate is negative, short positions pay funding fees to long positions. Funding rates are calculated every eight hours, three times a day, at 8:00 16:00 0:00. The specific funding rate is in the upper right corner of the order opening page. #资金费率 $BTC $ETH
I have been recording my data for 40 days. My current profit is 3100u. You can check the historical records for each order. My next goal is to make a profit of 10000u.
I have been working on PPT during work. I haven't opened any orders during the day, and I haven't received the short orders for the big pie 66066 that I set.
Now I am off work and start to open orders. What orders are you guys stuck with? Send them out, and let me come in later to help you push the market up and down😄#后入的力量 $BTC $ETH
I saw several people watching A-shares on the subway. A-shares have been very popular these days. Everyone started to cheer. As ETH was once on par with ETH in price, can it also compete with 3000? #这是牛市还是熊市 $ETH
I found that many people who do contracts do not understand the position size and contract multiples
Let me popularize the basic knowledge.
Some people say that they dare not open 100 times when doing contracts, it is easy to blow up the position; some people see others screenshot 50 times or even 100 times, and they will say that they must use a low multiple, otherwise it is easy to blow up the position.
In fact, these statements are not accurate, because it is meaningless to just look at the multiples. For example, I have 100u, you also have 100u, I open 1u 100 times, you open 100u 5 times, although I am 100 times, but I am much safer than you, why is this?
This is related to the position size. In fact, whether it is safe or not depends on the size of your position, and the position size = the opening funds used * contract multiples. Seeing this formula, everyone should understand that although I have a high contract multiple in the above example, my position is actually smaller.
So it is meaningless to judge the danger by only looking at the contract multiples opened by a person without knowing the funds he opened the order.
Some people like high-multiple contracts, while others like low-multiple contracts. It's just a personal habit. It depends on the size of the position.
This market is like a monkey market, jumping up and down, and you really need to be determined in one direction.
There is also the view of the pattern. Either you always have the pattern or you don’t have the pattern. If you have the pattern sometimes and not the pattern sometimes, this market will make you have less funds the more you play.
After the interest rate cut, the cryptocurrency market began to prosper again. Everyone began to cheer for the arrival of the bull market. The emotional atmosphere gradually became full. It felt like another cycle had begun. #BTC走势预测 #BTC
Can ETH hold up? Can the exchange rate rebound? I don't dare to play with it just because of its performance. Any copycat can perform better than it. $ETH
Today I looked at the stocks that have seen a sharp increase, and I discovered a pattern. The crypto market is now dominated by small animals such as cats and dogs.
The increase makes you afraid, and the increase makes you convinced$NEIRO