Santos and CHZ, taking this wave, the experience is still a bit complicated.
The grid strategy was planned to be stopped at 2.5, and currently the profits haven't been recovered yet, with fees gradually eating away. I originally thought I could earn more by brushing more, but the actual effect is average. On the contract side, it seems like a small profit, but after detailed calculations, the daily funding rate costs about 12 U, which is a bit painful for a frugal trader like me.
Roughly calculated, over these more than 50 days, I've paid about 5000 yuan just in funding fees, really working for the market makers. If there's a sign of a rapid surge in the market later, I plan to reduce the contract positions first, and wait to see how the spot market performs. As for the specific positions, I won't show them for now to avoid being sniped.
Short-term, continue holding Santos and CHZ. The fundamentals of these coins are still promising. If you want to follow a similar approach, you can do some research yourself.
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probably_nothing_anon
· 12h ago
Ah, funding rates are really killers, slowly bleeding out 12 USDT every day.
The grid hasn't broken even yet, this is awkward.
Let's wait and see if there's a chance for a quick surge, and hold off on spot trading for now.
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SmartContractRebel
· 12h ago
Over 50 days, 5,000 yuan in funding fees—this isn't trading, it's paying taxes.
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MEVictim
· 12h ago
Fees and funding rates are bleeding us dry, it's really tough to take.
The grid hasn't broken even yet, and the contract alone costs 5000 yuan in fees. No matter how you calculate it, it's not very cost-effective.
I'm still optimistic about Santos and CHZ, but the process is a bit painful.
It took over 50 days to realize I'm working for the whales—truly ironic.
The decision to reduce position size in the contract was still correct, otherwise the bleeding would continue.
Hold steady with spot, reduce leverage on the contract—this approach is still clear-headed.
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TooScaredToSell
· 12h ago
Ah, contract fee rates are really bottomless. Over 50 days, 5000 yuan just disappeared like that.
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Grid trading is also hard to do, with transaction fees like mosquito bites, little by little blood.
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I'm also playing Santos, but I didn't dare to go all-in on contracts, afraid of being harvested.
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12 USDT a day? How many times do I need to multiply my orders to make that back? Just thinking about it makes me tired.
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As expected, spot trading is more solid; contracts are just a money-eating machine.
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Seeing your experience over more than 50 days, I am even more convinced to stay out of the market.
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Funding rates are really the broker’s ATM; retail investors shouldn’t even think about it.
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How about CHZ? I think the fundamentals are okay, but I don’t know when to get in.
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That’s why I’d rather miss out than go all-in, because the transaction fees can leave a psychological shadow.
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ForkThisDAO
· 12h ago
Funding rate is indeed an invisible tool for cutting leeks.
Santos and CHZ, taking this wave, the experience is still a bit complicated.
The grid strategy was planned to be stopped at 2.5, and currently the profits haven't been recovered yet, with fees gradually eating away. I originally thought I could earn more by brushing more, but the actual effect is average. On the contract side, it seems like a small profit, but after detailed calculations, the daily funding rate costs about 12 U, which is a bit painful for a frugal trader like me.
Roughly calculated, over these more than 50 days, I've paid about 5000 yuan just in funding fees, really working for the market makers. If there's a sign of a rapid surge in the market later, I plan to reduce the contract positions first, and wait to see how the spot market performs. As for the specific positions, I won't show them for now to avoid being sniped.
Short-term, continue holding Santos and CHZ. The fundamentals of these coins are still promising. If you want to follow a similar approach, you can do some research yourself.