Still will operate
Rewards will be issued on the 25th, 20,000 slots, 1,700 rewards
1,700*0.07=119
At that time, a reward of 119u was considered very high in trading competitions
Even with a threshold of 300,000, there are still considerable profits
Many people are hedging at 0.07
Negative funding costs are also hedged
As a result, it has been pushed higher and higher, and now the price of 0.105 for hedging is really appealing
0.105*1,700=178.5
Even if you incur 100u in transaction fees, there is still profit
Now it's a situation where you can't back down
Looking at it this way, trading 130,000 daily volume is not enough, you need to trade 260,000
If you don't trade, you directly incur losses on short positions, which is painful, and you were previously squeezed
If you trade, the short positions are hedged, you have to trade vigorously to contribute to the trading volume, otherwise, you won't receive rewards and will incur losses.
Rewards will be issued on the 25th, 20,000 slots, 1,700 rewards
1,700*0.07=119
At that time, a reward of 119u was considered very high in trading competitions
Even with a threshold of 300,000, there are still considerable profits
Many people are hedging at 0.07
Negative funding costs are also hedged
As a result, it has been pushed higher and higher, and now the price of 0.105 for hedging is really appealing
0.105*1,700=178.5
Even if you incur 100u in transaction fees, there is still profit
Now it's a situation where you can't back down
Looking at it this way, trading 130,000 daily volume is not enough, you need to trade 260,000
If you don't trade, you directly incur losses on short positions, which is painful, and you were previously squeezed
If you trade, the short positions are hedged, you have to trade vigorously to contribute to the trading volume, otherwise, you won't receive rewards and will incur losses.