This link is a Binance Square share link.
What it opens to:
"my previous position cost me $20k in funding fees."
this one | Spin-zk on Binance Square
Binance Square is Binance's social feed - like crypto Twitter inside the Binance app. Creators post trading ideas / PnL there.
The post title is about funding fees - that's the fee you pay/receive every few hours when you hold a perpetual futures position.
If funding is positive, longs pay shorts
If it's negative, shorts pay longs
On a very large position held for a long time, or during extreme market conditions, it can add up to thousands - in this case the creator is saying he paid $20k just in funding.
The link you sent also has a referral code inside it r=G927YWMF - so if someone signs up to Binance from that link, the creator Spin-zk gets a commission.
I can't open the full post text without logging into Binance - it asks for Email / Phone number after that title.
What did you want to do with it?
Want me to explain how funding fees work and how to avoid a $20k hit?
Or were you trying to share your own post?
What it opens to:
"my previous position cost me $20k in funding fees."
this one | Spin-zk on Binance Square
Binance Square is Binance's social feed - like crypto Twitter inside the Binance app. Creators post trading ideas / PnL there.
The post title is about funding fees - that's the fee you pay/receive every few hours when you hold a perpetual futures position.
If funding is positive, longs pay shorts
If it's negative, shorts pay longs
On a very large position held for a long time, or during extreme market conditions, it can add up to thousands - in this case the creator is saying he paid $20k just in funding.
The link you sent also has a referral code inside it r=G927YWMF - so if someone signs up to Binance from that link, the creator Spin-zk gets a commission.
I can't open the full post text without logging into Binance - it asks for Email / Phone number after that title.
What did you want to do with it?
Want me to explain how funding fees work and how to avoid a $20k hit?
Or were you trying to share your own post?