$HOOD In one day it surged 7.15%. The price is hovering around 99, and the order book looks very dry. On the perpetual contract side, the funding fee is directly pinned to zero—neither side has to “feed” the other. But the OI is steady at around 72,000 lots. With this kind of open interest profile paired with a zero-fee rate, it’s arguably more worth watching than the move itself.
Zero fees stacked on top of a seven-point upside is rare. In the past, when longs pulled the market up, they had to bear the funding fee to effectively pay rent to shorts. Now, with the fee rate capped at zero, it suggests the chasing longs haven’t gone crazy enough to push the funding rate back positive, and shorts haven’t been fully crushed either. This kind of structure is one I’ve seen a few times—usually, the real acceleration is still coming later. Longs are waiting for the funding rate to tick back positive, treating it as a relay signal. Right now, zero fees are basically free support for longs to hold the position. If next OI keeps building but the funding rate stays suppressed, then it can only be interpreted as shorts still stubbornly propping up resistance.
Recently, Trump has been talking up tariffs again. Geopolitical tensions haven’t cooled off at the base, and U.S. stock futures have been “jittering” along. The volatility of a target like $HOOD is being amplified exactly as expected. When zero funding meets macro catalysts, once direction finally emerges, it won’t drag on.
My plan: long-direction, 2x leverage. Enter initial long positions around the current price near 99. Set the stop-loss at 95.5, and take profit first around 108. Use 20% of my position size, keeping the rest as ammunition. Add more only after the funding rate turns positive. If tomorrow the funding rate is still pinned at zero...
Trading tag: #TradFi #链上美股 #HOOD
How do you interpret the HOOD news flow?
Zero fees stacked on top of a seven-point upside is rare. In the past, when longs pulled the market up, they had to bear the funding fee to effectively pay rent to shorts. Now, with the fee rate capped at zero, it suggests the chasing longs haven’t gone crazy enough to push the funding rate back positive, and shorts haven’t been fully crushed either. This kind of structure is one I’ve seen a few times—usually, the real acceleration is still coming later. Longs are waiting for the funding rate to tick back positive, treating it as a relay signal. Right now, zero fees are basically free support for longs to hold the position. If next OI keeps building but the funding rate stays suppressed, then it can only be interpreted as shorts still stubbornly propping up resistance.
Recently, Trump has been talking up tariffs again. Geopolitical tensions haven’t cooled off at the base, and U.S. stock futures have been “jittering” along. The volatility of a target like $HOOD is being amplified exactly as expected. When zero funding meets macro catalysts, once direction finally emerges, it won’t drag on.
My plan: long-direction, 2x leverage. Enter initial long positions around the current price near 99. Set the stop-loss at 95.5, and take profit first around 108. Use 20% of my position size, keeping the rest as ammunition. Add more only after the funding rate turns positive. If tomorrow the funding rate is still pinned at zero...
Trading tag: #TradFi #链上美股 #HOOD
How do you interpret the HOOD news flow?