I was chatting with my friends today, saying that shorting oil seems to be the right direction, but the funding rate is really overwhelming. I calculated my own, and with the cost of buying in plus my current position, the funding rate accounts for nearly 30% of my total investment, which is quite painful.

But I feel a bit uncomfortable leaving now, since interest rate hikes have ended, and the market's reaction is starting to slightly stabilize oil prices. Next, it depends on whether Iran can gradually open the Strait of Hormuz. If they can open shipping routes for certain countries, I think returning to $75 shouldn't be a problem.

Currently, there doesn’t seem to be a good solution to the funding rate issue, but BiyaPay has a relief plan. In BiyaPay, margin can earn interest, currently around 5%, which means that when using margin, it effectively offsets part of the funding rate. Although it doesn't solve the issue at the root, it can still provide some subsidy.

Additionally, if friends are used to placing orders in advance, the 0% Maker fee for BiyaPay contracts and spot trading is quite practical. The TradFi fee policy is also 0% for both Maker and Taker, so there are no fees for both order fulfillment and active trades.

BiyaPay also has a new user activity recently. By recharging 50 U through the following invitation link, you can receive a 3,000 U experience position.

Invitation link: https://active.biyagl.com/zh?id=34&invite=12358136

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