Dev Tools · 1h ago
Python script flags squeeze traps in Binance perpetual funding trades
A developer created a Python screener that scores Binance perpetuals on five structural risk signals to detect potential squeeze traps. The tool uses public endpoints to flag tokens where extreme funding rates may signal manipulation rather than opportunity. Historical events like TRB's December 2023 spike show how low-float tokens can bait carry traders into liquidation.
Meridian48 take
The script is a useful reminder that high funding APR often signals danger, not free money, especially in illiquid tokens where whales can move markets against arbitrageurs.
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That 300% funding APR is not free money: screening for squeeze traps on Binance perpetuals →
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