Funding is the payment between long and short holders of a perpetual. Positive means longs pay shorts, which is the usual state of a market where most people are betting up.
Across 34,431 prints, BNB averages NEGATIVE funding - shorts pay longs - and only 22% of its prints are positive. BTC, ETH and DOGE are all positive.
So holding a long BNB perp is paid to exist, where a long BTC perp pays rent.
THE NUMBERS BNB funding: -0.0042% Prints positive: only 22% BTC / ETH / DOGE: positive Events measured: 34,431
It is far too small to build a strategy on - 0.0042% against 8-hour price swings of 2.36%. But if you are already holding a position, the direction of funding is not the same on every coin, and most people assume it is.
Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result published - including the ones that make me look bad.
DGB is up +16.27% - I tested both ways to trade it
TODAY'S TOP GAINERS DGB: +16.27% PROM: +10.60% PHA: +10.28% SOXSB: +8.11% BMT: +8.00% Every account on this app will show you this list. Here is the part they skip. I backtested both ways of trading a move like DGB's +16.27%: buying the breakout, and fading it on the assumption it reverts. Both lost money. Not narrowly - they lost roughly the transaction cost, 0.240% per round trip, which is what a signal carrying no information looks like once you charge it fees. A large 24-hour move tells you something already happened. It does not tell you what happens next, and the data says so in both directions. Part of a public experiment: every strategy I test gets published, working or not. Movers above: $DGB $PROM $PHA #Binance #Altcoins #Futures #DGB #CryptoData
I backtested a martingale system - add to losers, close when it recovers. 75 of 78 trades were winners.
It still lost 519.83 USDT, because the three losing trades gave back more than all 75 winners made combined.
Peak margin on those trades reached 4x the entire account.
THE NUMBERS Win rate: 96% Winning trades: 75 of 78 Net result: -519.83 Worst 3 trades combined: -1,098.53
Win rate is the easiest number to make look good and the least informative one to report. Anyone showing you a win rate without the size of the losses is showing you the half of the picture that flatters them.
Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result published - including the ones that make me look bad.
Momentum inverted in 2026. The obvious fix: watch recent performance, and flip to the opposite rule when momentum stops paying.
I tested that over six different lookback windows. The best one returned +1.783% per rebalance against a +1.737% baseline - a difference indistinguishable from noise. Every other window was worse. None repaired 2026.
The reason is simple: by the time trailing performance tells you the regime flipped, you have already taken the losses that told you.
THE NUMBERS Baseline: +1.737%/reb Best adaptive rule: +1.783%/reb Difference: noise Best fix for 2026: still -0.66%
Adaptive rules feel like the answer to regime change. They are usually just a slower version of the same bet, with the losses already paid for the signal.
Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result published - including the ones that make me look bad.
PROM is up +15.23% - I tested both ways to trade it
TODAY'S TOP GAINERS PROM: +15.23% SOXSB: +11.65% AVA: +7.79% HFT: +6.28% PHA: +5.44% Every account on this app will show you this list. Here is the part they skip. I backtested both ways of trading a move like PROM's +15.23%: buying the breakout, and fading it on the assumption it reverts. Both lost money. Not narrowly - they lost roughly the transaction cost, 0.240% per round trip, which is what a signal carrying no information looks like once you charge it fees. A large 24-hour move tells you something already happened. It does not tell you what happens next, and the data says so in both directions. Part of a public experiment: every strategy I test gets published, working or not. Movers above: $PROM $SOXSB $AVA #Binance #Altcoins #Futures #PROM #CryptoData
After 378 failures, one strategy finally passed the test that killed all the others.
After 378 failures, one strategy finally passed the test that killed all the others. Rank 45 perpetuals by 5-day return. Long the top 5, short the bottom 5, hold 15 days, rebalance. Equal weight, dollar-neutral. The out-of-sample control is the one that had destroyed everything before it: fix the settings on old data, then run them on data the search never touched. In-sample +1.711% per rebalance, out-of-sample +1.801%. The mean held. It also survives costs far worse than real: still +0.48% per rebalance even at a 1.50% round trip, six times what Binance actually charges. WHAT IT MEANS Being long and short at the same time means the market's direction cancels out. What is left is whether the winners keep beating the losers - which is a real question, not a bet on the market going up. Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result published - including the ones that make me look bad. Run on $SOL $BNB $BTC #Binance #Futures #Backtesting #TradingBot #CryptoData
Same universe, same ranking rule, same holding period, five different years.
2024 and 2025 carried the whole strategy. 2026 is the worst year of the five - a 25% win rate over roughly nine months.
Buying the strongest coins and shorting the weakest has stopped working this year. Doing the opposite would have returned +1.47% per rebalance at a 69% win rate.
A strategy is not a fact about markets, it is a fact about a period. Anyone showing you a backtest without the year-by-year breakdown is hiding the years that did not work.
Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result published - including the ones that make me look bad.
PHA is up +21.73% - I tested both ways to trade it
TODAY'S TOP GAINERS PHA: +21.73% LUMIA: +15.55% PROM: +12.08% AVA: +11.85% SOXSB: +8.65% Every account on this app will show you this list. Here is the part they skip. I backtested both ways of trading a move like PHA's +21.73%: buying the breakout, and fading it on the assumption it reverts. Both lost money. Not narrowly - they lost roughly the transaction cost, 0.240% per round trip, which is what a signal carrying no information looks like once you charge it fees. A large 24-hour move tells you something already happened. It does not tell you what happens next, and the data says so in both directions. Part of a public experiment: every strategy I test gets published, working or not. Movers above: $PHA $LUMIA $PROM #Binance #Altcoins #Futures #PHA #CryptoData
Two signal families, four timeframes, EMA and SMA, with and without a trend filter, long-only and short-only. 378 combinations in total, all with real fees and real measured slippage applied.
The round-trip cost of a trade is 0.240% of position size. The average result per trade, across every single configuration, landed between -0.361% and -0.401%.
That is the cost, and nothing else.
THE NUMBERS Round-trip cost: 0.240% Avg result, 15m setups: -0.361% Avg result, 1h setups: -0.401% Configurations profitable: 0 of 378
If a signal carried any directional information at all, the results would vary between configurations. Some would beat the cost line. None did. That is not weak edge that needs tuning - it is zero edge being charged an entry fee.
Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result...
ALT is up +17.35% - I tested both ways to trade it
TODAY'S TOP GAINERS ALT: +17.35% PHA: +15.40% PROM: +14.15% IOTX: +11.19% AVA: +10.57% Every account on this app will show you this list. Here is the part they skip. I backtested both ways of trading a move like ALT's +17.35%: buying the breakout, and fading it on the assumption it reverts. Both lost money. Not narrowly - they lost roughly the transaction cost, 0.240% per round trip, which is what a signal carrying no information looks like once you charge it fees. A large 24-hour move tells you something already happened. It does not tell you what happens next, and the data says so in both directions. Part of a public experiment: every strategy I test gets published, working or not. Movers above: $ALT $PHA $PROM #Binance #Altcoins #Futures #ALT #CryptoData
This is tail capture, not income. Realistically it does nothing in calm markets and pays during sharp selloffs. Expecting it to earn every month is how people quit a strategy right before it works.
Here is what that came from.
Two thirds of my strategy's profit came from one year. That is not an edge, it is an event.
The headline number was +134.12 USDT from short breakouts. Then I split it by year.
2022 - the year of the LUNA collapse and the FTX failure - produced 88.54 of it. Strip that year out and four years of trading returned 45.59 USDT, most of it from 2025.
2026 so far is flat.
Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result published - including the ones that make me look bad.
Collecting funding on perpetuals is sold as passive yield. I pulled 34,431 funding events across 7 symbols and measured it.
Average funding is 0.0024% per 8-hour period. On a 150 USDT position that is 0.0036 USDT. A round trip costs 0.36 USDT - you would hold for 33 days just to cover entry and exit.
Meanwhile the price moves 2.36% in a typical 8 hours.
THE NUMBERS Mean funding per 8h: 0.0024% Annualised: 2.6% 8h price volatility: 2.36% Periods to cover costs: 100
The income is real but tiny, and the price risk you take to earn it is roughly a thousand times larger. This is why desks that trade it hedge with spot. Unhedged, it is not income - it is a directional bet with a rebate.
Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result published - including the ones that make me look bad.
ALT is up +20.18% - I tested both ways to trade it
TODAY'S TOP GAINERS ALT: +20.18% PHA: +14.59% PROM: +13.31% AVA: +11.43% IOTX: +9.79% Every account on this app will show you this list. Here is the part they skip. I backtested both ways of trading a move like ALT's +20.18%: buying the breakout, and fading it on the assumption it reverts. Both lost money. Not narrowly - they lost roughly the transaction cost, 0.240% per round trip, which is what a signal carrying no information looks like once you charge it fees. A large 24-hour move tells you something already happened. It does not tell you what happens next, and the data says so in both directions. Part of a public experiment: every strategy I test gets published, working or not. Movers above: $ALT $PHA $PROM #Binance #Altcoins #Futures #ALT #CryptoData
Runners stopped while I rebuild the strategy from the backtest evidence. Nothing open.
Running on a Binance testnet account, so this is demo capital - I would rather say that than let you assume otherwise. The strategy, the costs and the losses are all real.
No signals for sale, no course, no affiliate link. Just the account and the data behind it.
Durante una caída rápida, Binance rechazó mi stop-loss con el error -2021: el mercado ya había superado el precio de activación antes de que se ejecutara la orden.
Mi código no gestionó ese rechazo. La posición quedó abierta sin stop y, como el estado interno del bot nunca la registró, la siguiente señal abrió otra posición encima. Tres veces.
El riesgo previsto era de 3 USDT. La pérdida real fue de 11.75 USDT.
LAS CIFRAS Pérdida máxima prevista: -3.00 Pérdida real: -11.75 Posiciones acumuladas: 3 Tiempo transcurrido: 6 segundos
Un backtest da por hecho que tu stop-loss siempre existe. En operaciones reales, puede que rechacen la orden. La diferencia entre esas dos suposiciones es donde se pierde dinero de verdad.
Parte de un experimento público: de 5,063 USDT a 1,000,000 USDT. Publico todos los resultados, incluso los que me dejan mal.
ALT is up +20.36% - I tested both ways to trade it
TODAY'S TOP GAINERS ALT: +20.36% PROM: +16.08% PHA: +12.95% SOXSB: +9.34% BMT: +9.07% Every account on this app will show you this list. Here is the part they skip. I backtested both ways of trading a move like ALT's +20.36%: buying the breakout, and fading it on the assumption it reverts. Both lost money. Not narrowly - they lost roughly the transaction cost, 0.240% per round trip, which is what a signal carrying no information looks like once you charge it fees. A large 24-hour move tells you something already happened. It does not tell you what happens next, and the data says so in both directions. Part of a public experiment: every strategy I test gets published, working or not. Movers above: $ALT $PROM $PHA #Binance #Altcoins #Futures #ALT #CryptoData
Las criptomonedas caen más rápido de lo que suben: las cascadas de liquidaciones son asimétricas. Esa es una característica documentada de la estructura del mercado, por eso este resultado es más creíble que uno que solo funciona cuando todo sube.
Esto es lo que lo produjo.
Ejecuté 3,209 operaciones de ruptura. Las posiciones largas perdieron dinero. Las cortas generaron todas las ganancias.
Canal Donchian de 20 períodos, stop basado en ATR, 10 símbolos, cuatro años y medio.
Si esto fuera simplemente aprovechar un mercado alcista, las posiciones largas serían las ganadoras. No lo son: están en negativo.
Las posiciones cortas incluso ganaron dinero con monedas que SUBIERON durante el período. BTC ganó un 94 % con la estrategia de comprar y mantener, y aun así vender sus rupturas a la baja generó un rendimiento de +22.83 USDT. XRP ganó un 87 %; las posiciones cortas generaron +24.27 USDT.
Parte de un experimento público: de 5,063 USDT a 1,000,000 USDT; publico todos los resultados, incluidos los que me dejan mal parado.
I measured real execution costs with 48 controlled trades. One number decides everything.
I measured real execution costs with 48 controlled trades. One number decides everything. I stopped assuming what trading costs and measured it: 48 controlled round trips, entering and exiting immediately, recording the actual fill against the reference price. Fee was constant at 0.04% per side. Slippage was not - ETH filled at essentially zero, while DOGE cost 50 to 100 basis points per round trip. On a 150 USDT position, a round trip costs 0.36 USDT before the market moves at all. WHAT IT MEANS Any strategy must clear 0.240% of position size per trade just to break even. Most published setups never mention this number, which is why most published setups lose money. Part of a public experiment: 5,063 USDT to 1,000,000 USDT, every result published - including the ones that make me look bad. Run on $ETH $DOGE #Binance #Futures #Backtesting #TradingBot #CryptoData
ALT is up +20.26% - I tested both ways to trade it
TODAY'S TOP GAINERS ALT: +20.26% BMT: +17.48% PROM: +16.58% AVA: +14.25% SOXSB: +9.75% Every account on this app will show you this list. Here is the part they skip. I backtested both ways of trading a move like ALT's +20.26%: buying the breakout, and fading it on the assumption it reverts. Both lost money. Not narrowly - they lost roughly the transaction cost, 0.240% per round trip, which is what a signal carrying no information looks like once you charge it fees. A large 24-hour move tells you something already happened. It does not tell you what happens next, and the data says so in both directions. Part of a public experiment: every strategy I test gets published, working or not. Movers above: $ALT $BMT $PROM #Binance #Altcoins #Futures #ALT #CryptoData