The funding rate for going long at 2% compounded daily results in 60%, which seems like they’re not allowing short positions. It feels like they’re using the funding rate to manipulate the market.

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GateUser-276116e2
· 17h ago
It does feel like punishing the long side; the more the bulls are squeezed, the more expensive it gets, and eventually, a single needle could cause a sharp drop.
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QuietRugAlarm
· 04-16 05:48
The funding rate is so high that it usually means the longs are being squeezed out, and the market is forcing you not to leverage.
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QuietExitPlan
· 04-16 02:28
At this point, strategy is more important than direction: light positions, hedging, or simply observing; the fee rates are already warning "Don't be greedy."
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StainedGlassSolarArray
· 04-16 02:28
2% this is basically an abnormal state; be cautious, it could be due to insufficient contract depth or short-term squeezing.
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GateUser-26f91b48
· 04-16 02:18
This environment is most susceptible to "fee rate arbitrage" skewing the rhythm; it's hard to say whether the market is being controlled or not, but the sentiment has already become extreme.
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TheBluePeony'sProphecy
· 04-16 02:13
You need to wait for the sentiment to cool down before shorting, otherwise, no matter how high the fee rate is, you won't be able to withstand a sudden surge.
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LiquidationLineInTheReflection
· 04-16 02:08
You’re calculating this 60% based on a continuous 2% over the entire day, right? The actual fee rate is settled every 8 hours, so it fluctuates a lot. Don’t be scared by the panel.
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PerpMoodSwing
· 04-16 02:06
If you really feel like you're being manipulated, don't fight it aggressively when the fees are high; lower your leverage or wait for things to return to normal first.
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Lemon-FlavoredStopLoss
· 04-16 02:05
I prefer to understand it as exchange risk control + supply and demand pricing; when one side overheats naturally, the rate will be lowered to cool it down.
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GasFeeSensitivity
· 04-16 02:04
High fees = multiple heads paying rent, short-term bullish, but the more expensive, the easier it is to pull back, with asymmetric risk and reward.
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