/Does leverage affect how much yield you get?
Yes and no🧐
Let’s take a step back:
👉 Merlin is doing an automated Long Short via our Basis Trade eXecutioner (BTX).
It means he is:
• Long the perp of an asset on exchange 1;
• Short the perp of the same asset on exchange 2.
It's not uncommon to get 25% APY from funding rates but getting in and out of positions can be a hassle.
That's why we created the BTX: it opens a spot + perpetual position so you can profit from the funding rate without directional risk.
We have seen zero positions liquidated in this Armageddon of a weekend.
These days are a gift to stress test our systems but horrendous for those exposed.
Not a time to gloat but help, join us in the discord. A lot of smart people there.
🚀 https://t.co/H1Emjm1WOt
We’ve now added @_WOO_X to the #BTX
Users will be able to arbitrage funding rates across it + many others centralized crypto exchanges!
So now, let us know which exchange we should add to the #BTX next!? 👇
Ask and you shall receive!
We're integrating @_WOO_X with the #BTX - opening the door to even more opportunities for users 💪
WOO support has been A++++
Another week of opportunities via the #BTX!
$LSK --> 🟢 Long at @okx + 🔴 Short at @binance for 112% APR.
An opportunity like this can earn $145 per week on a $10,000 account—without exposure to market direction! 💪
Did you know that you could 2-3x your crypto portfolio value, WITHOUT being exposed to the direction of the market, within just 12 months? 🤯
We're automating crypto funding arbitrage (basis trades) with the #BTX to help you do just that.
On news of a spot Ethereum ETF approval in the US, the market is heating up!
$PEPE is offering an impressive 65% APR and ETH is also delivering strong returns.
Compounding a 65% APR basis trade would turn $10k into $20k over the course of a year.
Get trading with the #BTX 💪
1/ The #BTX now supports trading across multiple venues, which is EXTREMELY powerful.
We want to help the beginner and advanced trader to profit from the market without being exposed to it's direction.
Here's why multi-CEX is a game changer 👇
Our project update for May is now live 👇
https://t.co/k3E3AuIufL
Covering:
- Why multi-exchange basis trading wins
- Key technical developments
- How uses can get involved prior to public launch
🚨 Big news from @binance!
They've entered the funding arbitrage game with their own basis tradingbot.
Hmmm, if only there were one that could do this across all major centralised exchanges 🤔
We're coming.
#BTX
BTX 0.5.0-alpha is live 🚀
The first of many releases bringing multi-exchange funding arbitrage + basis trading to our users.
@binance + @kucoincom are now fully integrated, while data feeds for @okx and @BitMEX are now streaming in real time.
Watch this space 💪
1/ Bull market APRs are back 📈
Getting the #BTX to a public launch is currently our sole focus.
More people should be able to take advantage of the awesome opportunities that exist in this market right now!
Here's an update on the technical timeline 👇
1/ The #BTX is once again presenting numerous delta-neutral opportunities in this market.
BTC is offering APRs as high as 86% 🤯
Here's what we are seeing to start the week ⤵
Good morning, we've had some questions around 'how can I learn about basis trades' and 'what is the #BTX'
Here's @tedtalksmacro doing his best to explain 👇
https://t.co/U9Hbam39G6