BRATON ♟️🔥
14K posts
@SamuelXeus @meekdonald Well detailed
Thanks for the education
Now I know how it works
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BRATON ♟️🔥 รีทวีตแล้ว
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 😁🫵🏾
Meekdonald@meekdonald
i somehow caught the top on $RAVE but at what cost😔
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@oxtochi Never let what!!😂😂
Who told you this👀 mrs geldenburg from kindergarten, or your math teacher mr peters 🤔
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BRATON ♟️🔥 รีทวีตแล้ว
Join our upcoming X Spaces AMA with our CEO 👇
🗓 April 15 — 9PM HKT (2PM UTC)
we’ll cover:
→ user rewards
→ token liquidity flywheel
→ 2026 update, product roadmap, and releases
📣 x.com/i/spaces/1aKbd…
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Who has actually withdrawn their payment from luel before I waste my time ?
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@bobbyloveschaos @Bittersweet050 @__Toluwanimii__ Either ways that doesn't prove it dont make calls also with normal airtime
I do
But thats their problem btw
Still using the Sim whichever it has been
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@l_braton @Bittersweet050 @__Toluwanimii__ Recharge airtime and then later use for data is different from recharge and use for voice call. I believe they count voice calls instead of data
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@bobbyloveschaos @Bittersweet050 @__Toluwanimii__ How?👀
Whats the difference with recharge airtime and then later use the airtime to buy data?👀
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@Kosi_5ine @__Toluwanimii__ Well that's their problem
Don't actually need to borrow
Will keep recharging regardless
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@Bittersweet050 @__Toluwanimii__ Can you use 1 sim for 3 yrs without subbing or recharging 👀
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