One chart to understand the fees, but of course, focusing on just one metric is tough to gauge the market. You've gotta factor in price and open interest (oi) too.

Fees play a bigger role in arbitrage and altcoin plays, and it's crucial to keep an eye on their volatility. It's not just about whether the fees are positive or negative; volatility shows the shifts in market sentiment.

Like I mentioned a couple of days ago, the weighted fees for BTC have clearly dropped. Even though it's still in the negative, it indicates that there are fewer short sellers than before, so the potential for further short squeezes is limited.

Positive fee arbitrage: Buy spot, then open an equivalent short position in contracts to keep profiting from the contract fees without risking your principal.

#市场柒课