$AGT was up 101.25% in a day—more than doubled.
I came across it while scrolling this morning and checked the price first: the 24-hour high was 0.0425, and it was now at 0.03418, down 19.6% from the high. Anyone who chased it half a day ago was already in the red.
What stopped me from jumping in was the funding rate: +0.0501%, settled every 4 hours. I did the math: six times a day, so longs pay shorts a 0.3% holding fee per day. Even after a rally like this, people were still piling in with leverage, and futures trading volume hit 239 million U in a day.
I checked spot again, but there wasn't even a spot pair for it—you could only trade futures. I was itching to get in, but also a little scared, so I didn't chase it this time.
When you come across something that doubles in a day, do you check the gain first or the funding rate?
#我自己算的 #Futures
I came across it while scrolling this morning and checked the price first: the 24-hour high was 0.0425, and it was now at 0.03418, down 19.6% from the high. Anyone who chased it half a day ago was already in the red.
What stopped me from jumping in was the funding rate: +0.0501%, settled every 4 hours. I did the math: six times a day, so longs pay shorts a 0.3% holding fee per day. Even after a rally like this, people were still piling in with leverage, and futures trading volume hit 239 million U in a day.
I checked spot again, but there wasn't even a spot pair for it—you could only trade futures. I was itching to get in, but also a little scared, so I didn't chase it this time.
When you come across something that doubles in a day, do you check the gain first or the funding rate?
#我自己算的 #Futures