Some investors hold short positions of approximately $PIPPIN worth 45 million U. According to current funding rate data, the hourly fee can reach up to 32,501 U, with daily costs accumulating to about 780,000. This means that even if the price remains sideways in the long term, the cumulative consumption from funding rates alone can wipe out main profits within a week. An even more extreme scenario is if the funding rate further rises to -2 levels, in which case this process could be completed in just two days. This case vividly reflects that in highly volatile markets, short position holders not only have to contend with price risk but also must constantly guard against the invisible threat of funding rates. For large positions, the accumulated cost of rates is often more alarming than expected.
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Pi
· 12-16 14:13
Haha, can we still play this? This is just giving money to the market manipulators.
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MissedAirdropBro
· 12-16 13:48
Oh my God, 4.5 million USDT short position was wiped out by fees, this is the cost of greed
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Fees are truly an invisible scythe—78,000 per week. Who can withstand that?
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Looking at this data, I understand why some people end up with nothing—funding rates are the real killer
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PIPPIN must be extremely bearish to operate like this... but ended up being worn down by fees
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The biggest risk during sideways trading is the funding rate—price doesn't move, but your money keeps evaporating
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-2 fee rate can wipe out 4.5 million in two days. This risk awareness really needs to be reflected upon
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LayerHopper
· 12-16 13:41
Oh my god, 4.5 million short positions burn 780,000 in fees daily. This is a real-life lesson in how to harvest retail investors.
Funding rates are truly an invisible scythe, even sideways markets can be bloodsucking.
Playing short positions with big holdings easily leads to a crash; you really need to calculate the fees clearly.
How can there still be people stubbornly holding short positions in such a fee environment? Wake up, brother.
Looking at these numbers, it's outrageous—profits are wiped out in just two days. Short positions are becoming increasingly difficult.
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PleaseCallMeTheContractWarGod.
· 12-16 13:35
Bull and bear fighting, it's either the bears die or the bulls die.
Some investors hold short positions of approximately $PIPPIN worth 45 million U. According to current funding rate data, the hourly fee can reach up to 32,501 U, with daily costs accumulating to about 780,000. This means that even if the price remains sideways in the long term, the cumulative consumption from funding rates alone can wipe out main profits within a week. An even more extreme scenario is if the funding rate further rises to -2 levels, in which case this process could be completed in just two days. This case vividly reflects that in highly volatile markets, short position holders not only have to contend with price risk but also must constantly guard against the invisible threat of funding rates. For large positions, the accumulated cost of rates is often more alarming than expected.