#UNITREE
It looks a bit ugly to short-term watchers!
Just launched—there are too many people shorting. They came in with a -2 funding fee right away. Originally, the funding rate was collected every 8 hours, and I didn’t even want to hold short positions on bn. Now it’s collected every 4 hours—you definitely can’t open short positions on bn anymore!
With a -2 fee rate, after half a day you’ve already eaten up all the potential profit from the price drop. You might even end up losing money on the funding fees!
It looks a bit ugly to short-term watchers!
Just launched—there are too many people shorting. They came in with a -2 funding fee right away. Originally, the funding rate was collected every 8 hours, and I didn’t even want to hold short positions on bn. Now it’s collected every 4 hours—you definitely can’t open short positions on bn anymore!
With a -2 fee rate, after half a day you’ve already eaten up all the potential profit from the price drop. You might even end up losing money on the funding fees!