2026-01-09 11:29:17

$RIVER has an interesting phenomenon. If you look at the hourly funding rate data, the pattern is very clear—about every 15 hours, when a certain hour is about to enter a 4-hour settlement cycle, the rate for that period inexplicably exceeds 0.025%. What happens then? The exchange's automatic settlement mechanism gets stuck and cannot switch to a 4-hour frequency.

Think about why this is done? Ultimately, the market maker wants to continue earning that fee. Shorter cycles generate more revenue, longer cycles generate less, and this "stuck" step in between seems unintentional but is actually carefully designed. These details reveal the tricks in the market—on the surface, it's a technical mechanism, but essentially, it's a game of利益 (interests).

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
8
Repost
Share

Comment

0/400

LiquiditySurfer

· 1h ago

Ha, I just discovered this sneaky move again. The market maker is really on another level.

View OriginalReply0

LuckyBearDrawer

· 4h ago

Wow, this move is too impressive. The big players really treat us as a cash machine.

View OriginalReply0

rugpull_ptsd

· 14h ago

Wow, how shameless do you have to be to come up with this? It's simply a textbook-level scam.

View OriginalReply0

UnluckyLemur

· 14h ago

Wow, this move is so slick. The dealer really can do anything.

View OriginalReply0

ShortingEnthusiast

· 14h ago

Damn, this operation is too hardcore, the market makers really dare to try anything That's why I keep saying don't believe the stories the exchange tells you... When the fee rate broke through 0.025%, I knew someone was definitely up to something 15 hours per cycle? This isn't a bug, it's a feature, brother Just blatantly eating fees like this, retail investors at the bottom really have no way out Funding rate looks simple, but it's actually a deep trap Ultimately, it's one word—extraction Why does it feel like the market makers can read K-line charts better than us? This technique is a textbook-level harvest The market is like this, always an amusement park for the smart ones Wait, should we also follow this pattern when shorting? I've known for a while, but I don't know how to do it...

View OriginalReply0

NoodlesOrTokens

· 14h ago

Damn, this move is brilliant. The dealer even wants to block the settlement cycle. Truly ruthless.

View OriginalReply0

RooftopReserver

· 14h ago

Damn, this operation is really awesome. Can the market maker play like this? --- Always the same trick, with a fee rate card, you know someone is scheming behind the scenes. --- This is what I mean. It seems like a bug but is actually a feature. Think about it carefully, it's terrifying. --- So even the funding rate can be manipulated. What’s the point of playing then? Haha. --- Impressive, precise to the hour in harvesting. This method is quite something. --- 15 hours per cycle? Seems like there needs to be some data support. --- Already seen through it. They just want to take more fees in one more round. --- Here we go again. It’s always these tricks. It’s time to wake up, everyone. --- As expected from the market maker, even the mechanism loopholes are exploited as weapons. --- It’s still the same old story. Retail investors have a hard life.

View OriginalReply0

POAPlectionist