The Funding Fee Fiasco: A Cautionary Tale of Shorting Hive on Bybit by rankz

hive-167922 · @rankz · Jan 6

$2.72

The Funding Fee Fiasco: A Cautionary Tale of Shorting Hive on Bybit

![](https://images.ecency.com/DQmceZkmt8HUWvPXPMtrdiNb5QWkFTKZnbTUruhGFHtGAWC/img_0.9880358991559652.jpg)

I'll never forget yesterday in a hurry as it's the first time I experienced this as I decided to short Hive on Bybit. I had been watching the market for weeks, and I was convinced that the price was due for a correction due to fvg created yesterday on the 1hr TF . I set up my short position, confident that I would make a tidy profit as the price fell.

But little did I know, I was in for a rude awakening. As the hours ticked by, I noticed that my position was being drained by high funding fees. I had set my leverage too high, and the fees were eating away at my margin like a hungry beast.

At first, I thought it was just a minor setback. I adjusted my position, hoping to mitigate the damage. But the fees just kept coming, like a never-ending nightmare. I was being charged every hour, and the amount was staggering, as I kept checking my account balance trying to balance it up but only to notice it keep reducing even after make little profit trading other assets

I tried to close my position, but the fees were too high. I was trapped, unable to escape the vicious cycle of funding fees. My account was being drained, and I was powerless to stop it.

As the day went by, I watched in horror as my balance dwindled to 27$. The funding fees had stolen my money while it was sitting at 0.66% per hour , leaving me with a mere fraction of my original investment. I was devastated, feeling like I had been robbed blindly although I still held the position with the hope of recovering some of the stolen funds

I learned a valuable lesson since yesterday to never underestimate the power of funding fees. They can be a silent killer, draining your account without you even realizing it. I vowed to be more careful in the future, to always keep a close eye on my fees and to never again fall victim to the funding fee Fiasco. As I am patiently waiting for pull back to exit my position and restrategies.

If you're a trader on Bybit, beware of the funding fees. They may seem small at first, but they can add up quickly, stealing your money and leaving you with nothing. Be cautious, be careful, and always keep a close eye on your fees. Don't let the funding fee fiasco happen to you.

What are your thoughts on funding fees? Have you ever fallen victim to high fees

👍 ecency, gunthertopp, melvin7, anonymario, darkflame, akdx, dhedge, albuslucimus, arunava, blingit, the.success.club, pwrup, simba, good-karma, untilwelearn, steentijd, seinkalar, robmolecule, kaylinart, gamercreed, quduus1, airhawk-project, mulletwang, minnowpowerup, benkweller, zacherybinx, burlarj, skimanner, steemromania, esteemapp, durianwalker, nathalie-s, alexandraioana26, ifhy, hoaithu, tomatom, viruk, dashfit, dafiz, keeper-of-eden, eolianpariah2, rcaine, valth, alexdory, cconn, nascimentoab, realblockchain, oasiskp2, kryptof, danile666, bushradio, ahmadmangazap, maclevis, astrochologist, ilovegames, kilvnrex, anhvu, blumela, joshglen, camaund, jessica.steem, ezuntimmy, stimp-bank, ambmicheal, and 230 others

`author`	rankz
`permlink`	the-funding-fee-fiasco-a
`category`	hive-167922
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`created`	2025-01-06 04:36:30
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`root_title`	"The Funding Fee Fiasco: A Cautionary Tale of Shorting Hive on Bybit"
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properties (23)vote details (294)

voter	rshares	pct
simba	48,109,988,285	42.5%
justtryme90	693,692,199	37.5%
kaylinart	21,155,946,177	42.5%
good-karma	47,457,298,607	4%
diana.catherine	2,772,513,298	25%
nascimentoab	6,968,462,611	42.5%
fiveboringgames	4,133,707,792	63.75%
joshglen	5,100,424,516	37.5%
randomblock1	4,069,351,063	75%
ninjaboon	488,857,274	37.5%
anonymario	125,603,239,074	42.5%
darkflame	123,812,233,634	50%
roguewriter	504,895,000	42.5%
dashfit	7,970,008,994	42.5%
esteemapp	11,391,884,731	4%
daj	710,475,150	37.5%
responsive	465,442,652	85%
valth	7,490,824,309	42.5%
sardrt	1,237,057,024	10%
bloghound	689,599,280	0.8%
macbaren	541,690,731	42.5%
daniel.dalo	3,276,847,306	42.5%
arunava	66,607,845,136	8.5%
carolynseymour	809,471,720	42.5%
drwom	815,303,357	2%
robinhaney	519,239,267	42.5%
slefesteem	842,985,140	42.5%
joeyarnoldvn	457,534,386	1.47%
zacherybinx	13,936,882,747	75%
gunthertopp	847,807,999,190	17%
makrotheblack	2,858,022,311	37.5%
elbiasto	1,099,741,078	42.5%
akiyoshispartan	463,595,801	37.5%
polaleye50	547,837,514	42.5%
fatherfaith	971,094,365	37.5%
instantania.cat	1,266,619,436	42.5%
mamalikh13	1,568,837,374	42.5%
warjar	461,156,617	100%
leyla5	1,227,452,323	42.5%
coolbuddy	1,232,177,068	42.5%
chunnorris	460,512,849	42.5%
valchiz	2,800,426,174	28.12%
pearlumie	1,026,299,341	37.5%
nascimentocb	593,357,378	42.5%
vahidrazavi	1,900,968,972	21.25%
mulletwang	17,455,869,471	100%
hundlola	659,667,850	42.5%
cconn	7,147,304,702	50%
tezzmax	2,561,392,131	37.5%
tomwafula	1,699,716,614	50%
minnowpowerup	15,230,552,801	42.5%
steemnaira	849,154,171	85%
ambmicheal	4,420,163,803	56.25%
tolarnee	857,935,680	37.5%
rubia.michelle	952,270,973	100%
markmorbidity	3,082,834,980	42.5%
toocurious	3,361,627,390	42.5%
esteem.app	1,485,227,404	4%
happychild	1,496,732,231	42.5%
silasvogt	563,239,259	42.5%
airhawk-project	17,500,750,685	75%
odebgaming	571,723,005	75%
omarfaruk7	459,714,949	75%
kerry234	526,977,629	75%
dumitriu	718,858,051	42.5%
camaund	5,057,334,046	42.5%
craigahamilton	908,339,757	8.5%
marvel1206	1,514,055,059	37.5%
mirfaner	483,965,836	75%
tboyloyal	938,059,021	37.5%
hrhmikelength	944,200,878	37.5%
danile666	6,354,346,761	80.75%
hayomi	573,916,003	37.5%
sunnyali	922,451,238	21.25%
alexandraioana26	8,349,691,234	21.25%
enjoyy	747,647,312	37.5%
amarbir	1,175,256,416	50%
funshel	687,989,549	37.5%
lextenebris	4,352,419,866	42.5%
ahmadmangazap	5,829,824,024	2%
tomatom	8,116,095,110	42.5%
kingsolo	2,243,096,568	85%
brotherhood	3,235,934,389	42.5%
azmielbanjary	2,668,636,350	42.5%
thedrewshow	483,582,399	75%
cmmemes	1,227,328,268	100%
burlarj	13,589,348,496	5%
eieikhing	4,012,575,402	42.5%
topchuqs	569,312,235	37.5%
gimba	746,853,003	42.5%
mrxplicit	923,958,567	75%
steemboat-steve	908,637,708	21.25%
mirnasahara	489,062,959	85%
durianwalker	10,248,653,679	85%
cheesom	819,920,691	37.5%
efepng	567,376,699	85%
cool08	576,854,531	37.5%
cherryng	461,693,365	0.8%
rubenmedina182	1,181,714,638	42.5%
minerspost	1,015,010,536	25%
udezee	1,075,648,253	37.5%
photohunter2	833,733,663	37.5%
photohunter3	1,272,130,664	85%
preciousimo	860,526,166	75%
alexdory	7,393,767,503	42.5%
melvin7	143,796,238,588	42.5%
kitalee	493,019,760	42.5%
dumnebari	753,073,741	42.5%
atjehsteemit	677,309,611	37.5%
evepontes	746,652,829	100%
sunshinebear	940,301,201	37.5%
ahmetchef	817,925,853	42.5%
sereze	552,186,031	42.5%
carloniere	613,712,015	75%
pwrup	49,721,683,651	42.5%
awesomegames007	2,296,893,595	2%
bookoons	559,536,032	37.5%
paulavg	770,686,925	42.5%
gifty-e	474,773,111	75%
adamdo	1,013,946,313	85%
realblockchain	6,944,552,588	20%
steemromania	12,638,759,168	42.5%
robmolecule	24,494,734,968	10%
guider	522,150,002	37.5%
benkweller	14,865,957,520	8.5%
bushradio	5,906,655,376	42.5%
ilmondoditea	495,546,341	42.5%
nigerian-yogagal	785,243,004	42.5%
akdx	117,301,059,621	42.5%
kumpel	1,855,445,596	50%
marcuz	2,035,561,320	42.5%
dawizy	940,808,548	60%
ihal0001	1,001,855,332	42.5%
mayib	558,096,056	37.5%
haccolong	3,040,821,008	25.5%
mojacko	508,055,242	42.5%
juanhobos	573,121,337	37.5%
steinz	532,135,572	42.5%
mastersa	2,415,324,812	46.75%
bigbos99	488,304,214	85%
yestermorrow	4,246,139,713	11.25%
viruk	7,972,938,845	85%
cynicalcake	941,091,446	37.5%
hoaithu	8,281,499,254	21.67%
riottales	977,954,774	42.5%
anhvu	5,189,035,072	20.4%
gamercreed	19,461,617,266	42.5%
diyanti86	1,557,469,999	42.5%
jessica.steem	4,841,411,853	66.3%
reteem	1,032,438,250	25.5%
jenniferjulius	1,660,820,509	37.5%
angoujkalis	1,085,807,812	42.5%
predict-crypto	2,713,884,736	1.5%
the.success.club	54,718,835,000	42.5%
anroja	716,715,935	85%
stimp-bank	4,505,806,404	42.5%
minhaz007	4,010,260,263	42.5%
kristall97	716,737,521	100%
astrochologist	5,728,307,304	42.5%
sorin.lite	4,003,495,146	42.5%
dilm	500,650,026	37.5%
chipdip	832,078,336	10%
riyuuhi	528,119,556	42.5%
ragnarhewins90	2,093,416,690	42.5%
jtm.support	2,718,304,329	37.5%
parth7878	1,364,004,220	37.5%
lefty619	508,761,832	85%
hungryanu	1,356,381,570	22.5%
ftouch	512,023,534	37.5%
zackarie	938,697,411	42.5%
maclevis	5,740,050,600	42.5%
nooblogger	1,990,170,267	21.25%
abdulmatin69	480,316,476	37.5%
blumela	5,131,933,697	2%
tomlee	3,225,196,635	37.5%
ezuntimmy	4,797,475,297	15%
ezun1	2,473,809,314	100%
hyborian-strain	880,062,478	11.25%
rankz	1,814,072,410	56.25%
pana1	604,053,559	37.5%
qwertm	3,204,861,051	42.5%
rcaine	7,494,368,751	17%
boomalex	651,615,372	66.3%
thepeakstudio	1,300,161,836	42.5%
kyleana	1,914,524,301	42.5%
peterpanpan	686,473,235	21.25%
mami.sheh7	2,471,334,625	42.5%
ecency	1,517,532,350,927	4%
abkevwe	774,729,156	37.5%
aquarius.academy	0	36.9%
ilovegames	5,510,399,068	15%
jilt	2,936,921,964	7.5%
ecency.stats	1,649,595,488	4%
carmenm20	1,328,622,465	42.5%
jobonlineclub	2,209,417,285	42.5%
nathalie-s	9,594,911,741	42.5%
casilokodesing	934,158,459	37.5%
enolah	930,542,720	42.5%
zaddyboy	571,607,411	10%
dhedge	79,906,898,573	17%
birdbeaksd	691,676,481	85%
lancergrows	752,662,519	42.5%
vonzeppelin	1,102,880,107	37.5%
shamzy	470,982,610	37.5%
cbridges573	1,566,506,307	8.5%
tomlee.sports	483,966,045	37.5%
hammfista	730,822,812	42.5%
maxelitereturned	711,131,694	45%
statico	1,350,463,061	42.5%
stephyymullen	1,735,591,856	37.5%
twicejoy	1,241,688,708	15%
mirteg	1,256,701,859	42.5%
steentijd	29,947,115,823	42.5%
yoieuqudniram	684,380,037	2%
tatou66	460,440,011	42.5%
bokica80	636,525,815	2%
grenfunkel	478,681,029	42.5%
aloysiusmbaba	1,049,426,618	42.5%
shakavon	482,880,047	37.5%
seinkalar	27,249,021,608	42.5%
bai123	1,617,193,605	42.5%
era120	3,015,215,651	85%
emd012	2,177,944,130	42.5%
highhaschdi	888,321,393	37.5%
blingit	60,274,331,220	42.5%
poggersdude	1,270,788,293	37.5%
mofobunny	606,436,344	42.5%
eolianpariah2	7,511,548,025	2.4%
senseisar	1,068,859,604	42.5%
maurye23	832,544,398	42.5%
abdul-qudus	2,158,710,494	37.5%
chefdjg	522,095,305	42.5%
keeper-of-eden	7,544,378,586	21.25%
orebutb3	509,744,285	42.5%
dafiz	7,674,546,609	85%
cristoase	2,669,547,265	42.5%
tillmea	478,611,249	85%
ghici	1,095,274,626	76.5%
kayntan	2,456,287,751	37.5%
waivio.curator	1,482,605,159	2.85%
simsahas	526,605,579	85%
jsynnthagr8	517,434,390	37.5%
skimanner	13,310,198,834	100%
lynliss	1,639,517,661	42.5%
albuslucimus	71,850,048,225	42.5%
aadilmir	980,497,212	5.25%
sinelux	2,594,888,811	42.5%
perinator	1,620,949,132	42.5%
cryptokaty	3,275,216,993	42.5%
carpemeridiem	1,047,093,514	42.5%
sabosuke	477,179,605	42.5%
vickyanne	1,729,604,394	18.75%
kilvnrex	5,505,547,145	22.5%
windail1	1,283,782,960	100%
creativepixie	3,310,139,183	42.5%
sperosamuel15	3,944,694,857	37.5%
lifeoflade	2,144,621,807	42.5%
kaeltegott	872,687,589	42.5%
nwothini335	445,935,072	3.75%
quduus1	17,720,793,568	30%
spearhead1976	1,235,573,005	42.5%
genepoolrentsclr	1,293,429,463	42.5%
oasiskp2	6,683,288,981	42.5%
odogwuego	483,687,314	75%
yopeks	769,086,049	37.5%
ngwinndave	488,123,241	2%
dafizzle	3,917,483,061	85%
fredaig	750,303,152	10%
lucky7ace	1,697,982,359	42.5%
elopinky	463,687,116	75%
beauty197	649,520,259	2%
egbre	1,776,714,928	37.5%
drowwssy	785,769,566	42.5%
tmicezack	1,294,998,254	37.5%
kryptof	6,391,314,673	10%
snek1	963,994,209	100%
ecency.waves	0	4%
trexane	2,225,866,419	37.5%
untilwelearn	32,200,794,568	22%
jutech	582,280,640	56.25%
reyn-is-chillin	612,208,252	42.5%
thewobs94	1,830,171,181	100%
ifhy	8,290,287,692	37.5%
chnuschper	2,872,265,870	42.5%
amarachi22	1,164,843,704	37.5%
hasaanazam	537,073,019	37.5%
kevin1273	1,002,776,228	42.5%
dandelion24	1,735,188,234	42.5%
leavetheratrace	559,254,821	100%
victorbass	478,726,354	37.5%
arieswilly	485,259,226	2%
cipot39	75,756,493	100%
thesegunvictor	710,304,107	42.5%
theiam	0	33%

voter	rshares	pct
jacobtothe	-83,080,931,821	-5%
more4less	791,043,323	32%
airhawk-project	13,464,530,236	32%
yopeks	458,437,573	16%