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The perp DEX airdrop playbook seems simple:
- Open short on one DEX and...
- ... a long on another for perp DEXs
Key is to monitor funding spread to generate outrageous APYs (e.g., 1256% APR on $ZORA)
Use funding rate arbitrage scanners like @LorisTools, @Arbitraxdexs or the one built by @prz_chojecki
It sounds simple, but fewer people farm this way than you might think.
Tracking funding rates takes effort.
Technical farmers use bots, but even retail degen traders can benefit due to lower(ish) liquidity for alt perps.
But the biggest risk is obvious:
your hedge is never perfect.
Perp DEXs use different oracles, different margin engines, different liquidation rules etc....
A small price change, an oracle delay, or a funding flip on one DEX can break the spread and liquidate one side while the other is still 'safe.'
(This happened during 10/10 crash)
You think you’re market-neutral, but you’re actually exposed to two smart contracts, two oracles, two liquidity pools, and two risk models at once.
The playbook works… but it's definitely not risk free.
And not for the lazy ones.
🚨GIVEAWAY🚨
Win one of 5 FREE 1-year Alpha memberships to celebrate the launch of the new Real Vision.
How to enter:
1️⃣ Join the waitlist [link in comment]
2️⃣ Drop a screenshot of the waitlist entry confirmation
3⃣ Like & RT this post
Winners announced on Oct 8
Ready to see the future of finance? 🥂...
Courtyard x Collectr Tag Team giveaway! 🔥🎉
PSA 10 Venusaur/Celebi (~$550) up for grabs:
✅ Like + RT
✅ Follow @courtyard_io + @getcollectrapp
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Ends 9/17 @ 12PM PT. Bonus entry? 👀⬇️
Base Set is coming back.
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To celebrate, we’re giving 1 free pack away.
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You’ve got 12 hours to enter, 14 hours until drop.
🧵Full @Moneytaur_ Fibonacci Guide
The most important Fibs:
Retracements: 0.5 (EQ), 0.618 (GP), 0.705, 0.786
Neg. Fibs: -0.5, -0.618, (-0.786, -1, -1.5, -1.618 etc.)
Extensions: 1.618
How to draw Fibs?
Retracements:
Downtrend: SH to SL
Uptrend: SL to SH
+Using the wicks not the bodies
Neg. Fibs: Impulsive Moves
Extensions: Corrective Moves
Only use Untested/Ignored Fibs:
1.Untested = Untouched Fib
2.Ignored Fib = PA ignored Fib with a FVG
Overlapping Fibs:
The more Fibs from different Swings overlap the more powerful the Level. In confluence with the 4D OB and SFP it became a decent Long opportunity on BTC
Importance of EQ
The EQ of Orderblock, Breakerblock, FVG can be used as Key Liquidity (KL)
Or taken into consideration for your entry (usually EQ of OB/BB) and stop placement (EQ of FVG, EQ of nearby OB/BB).
+Partial BB valid if EQ untouched
Profit Taking/Stop Management
Furthermore the EQ can be used for trailing your Stop and Taking Profits:
MT: "Reach 0.5 > TP + SL up, or SL2BE, or just SL up, or full exit." =>0.5 of the previous swing
>If Price doesn't surpass EQ after taking Liquidity a return to the zone becomes probable
>Stop Loss can be trailed behind EQ
The zone between 0.618 and 0.705 can be used as TP2, ideally in confluence with Liquidity(OB, BB, SFP, GAPs)
Premium/Discount:
Price > EQ Premium: Favours Shorts
Price < EQ Discount: Favours Longs
Buy/Sell Programm Confirmation:
Buy Programm: PA surpasses EQ upwards
Sell Programm: PA surpasses EQ downwards
I try to make these topics as beginner friendly as possible and it does take some time out of my day, so if you want me to provide more educational posts, please like and repost so they can reach more people.
If you enjoyed this Thread:
1. Like and RT
2. Follow me @OverlordEins for more
If you have any questions put them in the comments below👇
$BTC has had this similar pattern every week since July.
Dump on Monday, bottom on Tuesday, followed by a small rally.
This week, it happened again, and maybe a pump will follow.