HOW TO MANAGE A $2,400 PNL? $ONG
This $ONG position of mine has been open for around 15 days, and for nearly 10 days, it has been sitting in a significant loss.
Let me explain this as a lesson.
First, you need to understand how the funding fee works.
The funding fee is a contract fee that is paid hourly or every 4 hours.
When longs are dominant, longs pay the funding. When shorts are dominant, shorts pay.
For traders who understand how it works, funding can also become a source of passive income. That’s because the fee is calculated based on your leveraged position.
For example, if you have a $10,000 short position and the funding rate is -1%, you would pay $100 every hour. That’s a significant amount, isn’t it?
That’s why you should always keep an eye on the funding rate section.
I’ve collected funding fees around 380 times through $ONG #CPIWatch $AAPLB #BNBTops730USDT #BitcoinOpenInterestShareRisesTo42.1% #EtherRalliesAsBearishBetsLiquidate #BitcoinOpenInterestShareRisesTo42.1%
This $ONG position of mine has been open for around 15 days, and for nearly 10 days, it has been sitting in a significant loss.
Let me explain this as a lesson.
First, you need to understand how the funding fee works.
The funding fee is a contract fee that is paid hourly or every 4 hours.
When longs are dominant, longs pay the funding. When shorts are dominant, shorts pay.
For traders who understand how it works, funding can also become a source of passive income. That’s because the fee is calculated based on your leveraged position.
For example, if you have a $10,000 short position and the funding rate is -1%, you would pay $100 every hour. That’s a significant amount, isn’t it?
That’s why you should always keep an eye on the funding rate section.
I’ve collected funding fees around 380 times through $ONG #CPIWatch $AAPLB #BNBTops730USDT #BitcoinOpenInterestShareRisesTo42.1% #EtherRalliesAsBearishBetsLiquidate #BitcoinOpenInterestShareRisesTo42.1%
