who else is making tons of money doing funding rates arbitrages on perpetual exchanges?
>>60934643No. Teach me how
is the kimchi premium still a thing?
>>60934663Find 2 or more defi perpetual exchanges, check the same coins in both and check if the funding rate is positive in one exchange and negative in the other one. Then open a long in the exchange that has negative funding rate and a short in the one that has a positive funding rate. Try to open both positions at the same asset or as close as possible. Use 3x or 5x leverage at most.Now you are basically in a neutral position that is paying you like 50% APY on your stablecoins.
>>60934643Phantom wont let me do perps.
>>60934696I don't know why you'd talk about this when the board is more popular like it's not going to impact you negatively. Admittedly it's not some secret, but I wouldn't ever discuss my arb strategies
>>60934811If you feel your strategies won’t be effective by sharing them, they’re not effective in the first place.
>>60934643yeah hahaha tons of money i can barely hold it all haha how much are we talking lol haha
(You)'ll be begging me for xrp trips
>>60935516I won 500$ on a scratch-off and threw in to dogecoin. So far turned it into ~760$. It was more but I lost quite a bit by selling early and then buying back in late
you want to be looking at ways mentioned here, but learning the ways that you can be delta neutral. A safe, noncapital efficient example is using an avenue like aave to start with a stable and borrow and sell something like ETH if you are paid to long ETH perpsyou just need to learn financial instruments structures, from the sense of delta and how they pay/credit a user. The edge lately has been using non-perpetual derivs. to achieve a similar goal (however once you are outside of lienar derivs, it really starts becoming a stretch to just call basis trading)
>>60934696Ah ok this. Well i feel that thing is done by bots and the returns .are minimal but maybe i am wrong
>>60934696I looked into this (not dexes tho other than HL) and found very little edge after fees etc. You are telling me this:https://app.hyperliquid.xyz/fundingComparisonActually works if instead of HL to Cex, you do dex to dex? Actually looking at this now, seems opportunities are there... I think I checked this earlier in the year when volatility was near 0.
>>60934643So, you're just holding your position for 4hour right? Do you do this on dex or cex?https://www.coinglass.com/FundingRate
>>60936268you need volatility for it to be profitable, so the spot price is deviating from the perp price
>>60936236when i looked at it you needed to play with six figure investments to make 3 figure returns it was retarded
