What’s the real cost of that “liquidation free” leverage on TermMax Alpha? I keep seeing people treat the upfront premium like it’s the only price you pay. It’s not. According to their own docs, the actual stack looks like this: The premium itself (what they call Max Cost) Financing cost on the full notional interest paid daily to the Dual Investment vaults Take profit fee that starts at 1.9% of notional and decays as you get closer to expiry Normal slippage and any residual spread That financing piece is the one I think most people miss. It’s calculated on notional, not just the premium you put up, so every day you hold costs you even if the price is just sitting there. Compare that to regular perps. You’re dealing with funding every 8 hours that can spike or quietly bleed you, but you get continuous exposure and no hard expiry date. From what I’ve looked at, TermMax Alpha wins when I have a clear short-term directional view, the expected move more than covers the total cost, and I just want to sleep without watching liquidation prices. It loses when funding is relatively calm, the premium is rich relative to the move, or I want the flexibility to hold and adjust through multiple regimes. I treat that premium the same way I treat an options debit now. If the thesis doesn’t clear it with some room to spare, I just pass. Would you pay the premium for no liquidation, or stick with perps? @TermMax
$CSOPSAMSUNG2L Short Entry: 11.85 – 11.95 SL: 12.25 TP1: 11.40 TP2: 11.10 Reason: Price is extended above upper Bollinger Band with RSI(6) at 86. Strong momentum but overbought looking for a short-term mean-reversion pullback toward EMA7.
Entry $POWER 0.0935 – 0.0942 Market or limit near current price. Prefer a small bounce toward 0.0945 if possible Stop Loss 0.0968 Above the recent local high + buffer TP1 0.0900 First target (near upper BB / previous resistance) TP2 0.0875 – 0.0880 Main target (EMA cluster / middle BB area)
I came across the TermMax $TMX campaign on Binance Wallet and decided to check it out.
There are 2M $TMX in total rewards:
• 1.7M $TMX for a lucky draw with 80,000 winners • 300K $TMX for the Top 1,000 users on the Binance Square leaderboard
To join, you need a Binance Keyless Wallet and 2 Alpha Points. The 2 points are deducted when you enter.
The campaign runs from Aug 17, 07:00 UTC to Aug 24, 23:59 UTC, and the rewards unlock at TGE.
I completed the five tasks myself follow, repost, quiz, join Discord, and connect the wallet. It took me around five minutes.
For the Square leaderboard, 300K divided by 1,000 would be 300 $TMX per person if the rewards are split equally. But getting into the Top 1,000 is not guaranteed, so I wouldn’t treat that as guaranteed earnings.
Overall, if you already have the required Alpha Points, the tasks are fairly simple. Just make sure you read the campaign rules before spending your points.
DUSK is in a strong uptrend near the upper Bollinger Band with RSI at 69. Better entries on dips. Entry: 0.0700 – 0.0720 SL: 0.0665 TP1: 0.0760 TP2: 0.0800