😤🫤 Fate never stops demanding; the data update for the Binance Wallet 10u big-shot event is out—Arc Chain really pulled up a huge pile.
Stop doing this task. It’s really hell-level difficulty. 👉我昨天踩坑过了
On this chain, all coins—yes, all of them—the slippage is unbelievably large. Whether you buy with 10u or 1000u, the slippage is still as high as 2%-3%. Even if you set it to 0.01% slippage, it’s the same.
And there’s also a 0.5% service fee.
The leading coin, the biggest platform coin by market cap, $argus, has really, really poor contract liquidity pages.
Yesterday, the app showed I was up 12.9u. I thought even after deducting a 1.5u fee, I’d still complete the task—so I happily closed my position (with a very low slippage setting). But once the closing finished, I was shocked: 6u of profit was eaten, and I was left with only 6.99u.
What annoyed me most was that with the buy-one-sell-one service fees totaling over 3u, I happened to be exactly at 10u profit.😭
I was forced to buy back in again. Immediately, I got worn down by another 6u. Because I sold and then bought back, my contract hedge was no longer tight, leaving a gap of more than ten units—like a hole of a dozen u. Closing in the future will also be a big problem. In all likelihood, spot + contracts will lose another 6-10u due to slippage, and I can only use limit orders to close slowly.
If you insist on going in headstrong and continuing to do it, remember to bind my wallet invite code 【SEAL666】 to save 30% on the service fee.
#ARC #ARC chain pulled it all up
Stop doing this task. It’s really hell-level difficulty. 👉我昨天踩坑过了
On this chain, all coins—yes, all of them—the slippage is unbelievably large. Whether you buy with 10u or 1000u, the slippage is still as high as 2%-3%. Even if you set it to 0.01% slippage, it’s the same.
And there’s also a 0.5% service fee.
The leading coin, the biggest platform coin by market cap, $argus, has really, really poor contract liquidity pages.
Yesterday, the app showed I was up 12.9u. I thought even after deducting a 1.5u fee, I’d still complete the task—so I happily closed my position (with a very low slippage setting). But once the closing finished, I was shocked: 6u of profit was eaten, and I was left with only 6.99u.
What annoyed me most was that with the buy-one-sell-one service fees totaling over 3u, I happened to be exactly at 10u profit.😭
I was forced to buy back in again. Immediately, I got worn down by another 6u. Because I sold and then bought back, my contract hedge was no longer tight, leaving a gap of more than ten units—like a hole of a dozen u. Closing in the future will also be a big problem. In all likelihood, spot + contracts will lose another 6-10u due to slippage, and I can only use limit orders to close slowly.
If you insist on going in headstrong and continuing to do it, remember to bind my wallet invite code 【SEAL666】 to save 30% on the service fee.
#ARC #ARC chain pulled it all up
