Two days ago, i opened a position with a very risky volatile coin at some minutes to its funding rate fee, the coin was having -1.98% funding rate fee. You can see how risky that is which Inca not call trading but gambling.

After I opened a long position, luckily I was able to have unrealized  PnL of $67, but it was just some seconds remaining to for another 8 hours funding rate time to start counting down. I waited and all k noticed in less than a second after the next eight hours began was that the $67 profit that was seen suddenly drooled to $4.

I was paid the funding fee which made me to make almost $60 in total. I mean the profit from trading is around $3 if trading fee has been deducted whicker the remain profit was from funding fee.

I noticed that traders are using the funding fee to manipulate the market, although we can not call it manipulation too because they want to make profit. If you are trading these less volatile coins with high funding fee, you will noticed what that I am talking about.

Are you using funding fee to make money from the derivative market? If so, what is the most possible way have you used it to make money successfully?