$RIVER feels like this is very similar to the wave at 40, gradually the fees turn negative more and more, then rapidly surge to trap the shorts and eat the fees. Should I close my position?
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FallingInLoveUnderTheSichuan:
Better to be more stable; it should be able to reach around 100.
$RIVER Full leverage of 10x, a fee rate of 100u negative 2 can wipe out your margin in just 5 hours, breaking even only after a 10% drop. If the sideways fee rate continues, it may not break even even after a further decline.
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Close the short positions before the $RIVER funding fee settlement, then open again after settlement. The transaction fees are much cheaper than the funding fee.