Williams malik

aspiring DevOps

[The Trading Geek (Brad Goh) @Bradgohtrades]

I'm at a point in my life where I'm driven by purpose.

[Williams malik @sojourner456]

@smart_ech Mine😓

[Williams malik @sojourner456]

@KINGKLC001 What's the time elapse for these giveaway pls

[Williams malik @sojourner456]

@MrGigaWhale When everyone sees the move, then no one really sees it. 👌🏼

[Williams malik @sojourner456]

@noor36758 Currently at JavaScript.

[Williams malik @sojourner456]

@jinyuanwang Nice 👍

[Williams malik @sojourner456]

@Prinz_Land Pls new York session time you stated is quite confusing. Secondly I've been seeing a lot of different session time, pls what's the standard session time. 🙏🏼

[Williams malik @sojourner456]

@webdesignerng Add superSimpleDev to the list.

[Williams malik @sojourner456]

@big_sensei Yeezy pods.

[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 😁🫵🏾

[Williams malik @sojourner456]

Waiting for the "right time" or the "perfect opportunity" is one of the slowest ways to failure.

[Williams malik @sojourner456]

@FortuneMMXM Lots of helpful information here, bookmarked.

[Williams malik @sojourner456]

@teknodiren Id 200227 pls add up

[Williams malik @sojourner456]

@Surjo4771 Oh I can join more than 1 group ?

[Williams malik @sojourner456]

@kv_interlink Why's mine still displaying only this ?

[Williams malik @sojourner456]

@OlatunjiAyokan2 I registered already, but I'm having problems passing the tests.

[Williams malik @sojourner456]

@BybitAfrica ON CHAIN ANALYSIS
📈

[Williams malik @sojourner456]

@Mutex4real @Kunduli007 @inter_link Add also pls 200227

[Williams malik @sojourner456]

@inter_link 99% can be recovered ? Nah, that's not supposed to be.

[Williams malik @sojourner456]

@C_Interlinklabs Excellent 👌🏼 this way real miners will get rewarded dutifully not just people with huge referrals.