EniolaIsaiah

practice makes improvement, keep practicing practicing practicing, untill it became easy...

[Fabiyora @Fabiyoras]

Hey @grok
What causes this and how can one cure it💔😭

[EniolaIsaiah @EniolaIsaiah09]

@kunoo Have been liquidated

[Crypto with Haris ₿ @Crypto__Haris]

🚨 Update:

I recovered my $12k loss in just 2 hours.💪

Now I am looking for some big profits in the $ZEC trade. 🤑

Sometimes the revenge trading is the best trading. 🔥

[EniolaIsaiah @EniolaIsaiah09]

@mrillustriouss @Mattertrades I beg him $3k he blocked me on telegram

[EniolaIsaiah @EniolaIsaiah09]

@javi0rz @Mattertrades Same here with me

[EniolaIsaiah @EniolaIsaiah09]

@Oliver_X096 Take 80% now at the current price $19.5

[EniolaIsaiah @EniolaIsaiah09]

@ItsOwlPrints It's enough for my 1y house rent

[EniolaIsaiah @EniolaIsaiah09]

@ItsOwlPrints Sl it

[EniolaIsaiah @EniolaIsaiah09]

@SteveHODLs It will surely go

[EniolaIsaiah @EniolaIsaiah09]

@antiMoonn I also place my entry at $30

[Crypto Spotter @CryptoSpotter05]

Can $RAVE really hit $50? 🧐
Should you buy or avoid?
Watch the full breakdown here ⬇️
https://t.co/jbeeSReMvO

[Xeusthegreat (♟,♟) @SamuelXeus]

He shorted the exact top of $RAVE but still ended in a loss, how does this happen?

@meekdonald, a student I am actually proud of made a mistake I think a lot of people make and paid a massive price for it

Although it’s sad, I have decided to use this avenue to help you all never fall for this error again

First, what are funding rates?

Funding rate is the price paid every few hours by traders to other traders to prevent the perpetual futures price from drifting away from the token spot price

Think of it like a toll. If too many people are driving in one direction, they pay a
fee. That fee goes directly to the people driving the other way

So what exactly happened with $RAVE?

$RAVE is the token for RaveDAO that was trading at 0.25 earlier this month, then the price ran to an all-time high of $19.54. That is a 6,000% gain in one week. Everyone will definitely start paying attention at this point

The issue came when RAVE didn’t stop pumping, which meant the token accumulated so many shorts at the ATH that the funding rate flipped negative

- Positive funding rate meant you get paid if you are on a short

- Negative funding rate meant you get paid if you are on a long

If you have being following, you’d realize the fee comes from the opposite team

For Positive funding rate, the long gets to pay the shorts

For Negative funding rates, the shorts gets to pay the longs

@meekdonald who was lucky enough to short very close to the ATH, did so when the funding rate was at -2%

I’d explain 👇🏾

With a leverage of 100x, an $100 position is valued at $10,000 and with a -2% funding rate, he is to pay $200 every 8 hours which is more than his margin size

With his first funding rate payment, he is already in a 200% loss which obviously continues.

So what’s the way forward?

Before you enter a token that is running wild, make sure you check the funding rate

Most exchanges show it directly on the trading screen. Here is where to look:

On the futures trading page:
• Binance: top of the chart near the price, shows current rate and a countdown timer to next payment
• Bybit: same, right next to the mark price
• Hyperliquid: visible on the trading interface near your position
• OKX: shown in the contract details section

It usually looks something like this:
Funding Rate: -1.37% | Next funding: 04:32:17

That countdown tells you exactly how long until the next payment gets taken or received.

Third party sites if you want to compare across exchanges:

• Coinglass - shows funding rates for the same token across all exchanges side by side

The key things to check before entering a trade:
1) What is the current rate
2) How long until the next payment
3) Is it positive or negative
4) How long do you plan to hold versus how many payments that means

If the rate was extreme like RAVE was, even checking it once before entering would have told you this trade has a very short survival window

Now you know. Tell me thank you 😁🫵🏾

[EniolaIsaiah @EniolaIsaiah09]

@ER404i To go short or long boss?

[EniolaIsaiah @EniolaIsaiah09]

$rave did this, funding fees kill the most 😭😭,any help.

[EniolaIsaiah @EniolaIsaiah09]

@garni1999 Am short is bleeding 🩸 🩸 🩸 now

[EniolaIsaiah @EniolaIsaiah09]

@CREATOR__101 Yeah,go short this the right time

[EniolaIsaiah @EniolaIsaiah09]

@btcsol168 The funding is killing bro

[EniolaIsaiah @EniolaIsaiah09]

@JuliusElum 😿😿

[EniolaIsaiah @EniolaIsaiah09]

@Mcbain_RIG Short or long

[EniolaIsaiah @EniolaIsaiah09]

@ELHUZI_crypto It has hit it bro