Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
$APR: The top slows down, chasing gains turns hot
The 30-minute top changed from NIL to APR
The increase dropped from 120% to 18.67%
Hot money is rotating, not continuing
Open interest went from $19.9M to $9.5M
24-hour position increase dropped from 878% to 47.5%
Explosive leverage has clearly cooled down
Fee rate went from -0.0216% to +0.0091%
APR has paid long positions for 8 consecutive periods
Longs are still holding, but costs are getting more expensive
If open interest continues to shrink, and Taker drops below 1
And loses the 0.16 level again
This wave may turn into distribution
Can $APR still be chased?