Postaus

$CNPY What kind of cunning scheme is this dog trader running? A 0.17% hourly funding fee is way too high, and no one is managing it? What does it mean? If you open a 10x leverage position with 10u capital, it’s equivalent to 100u of capital. If you short, the funding fee for 24 hours is 4.07%, so 10u will cost you 4.07u—that’s a costly day. But conversely, if you go long, you directly earn 4.07u in funding fees. It feels like a loophole gets laundered. Is there some trick behind this? $BTC $ETH