Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Recently, an interesting phenomenon has been observed: many old coins suddenly surge, and as a result, the funding rate immediately turns negative. Originally, the funding rate was collected every 8 hours or 4 hours, but now it has been changed to every 1 hour. This operational rhythm reveals some clues.
In simple terms, this is the market makers playing with fire. They dare not continuously add positions for fear of causing a market crash; they also hesitate to exit easily, worried about the costs cutting into their profits. As a result, they get locked into this negative funding rate mechanism—pushing the price too far, with the funding rate inverted, turning into a black hole of costs.
A few days ago, I saw several coins using this same tactic. It looks like a sharp surge, but in reality, it’s using extreme changes in the funding cycle to transmit risk. For retail investors, the difficulty of choosing the right entry point has increased significantly.