Heya, I’m having fun with perpetual yield farming described on www.ftxcashandcarry.com - which I created to spread the fun.
I created a sub account on FTX and moved $800 there.
I did these two trades, using 3x leverage on the short PERP-DENT:
buy 59000 DENT/USD @ 0.1159
sell 59000 DENT-PERP @ 0.1159
I rode an upward trend to get the same fill on both markets - don’t try that
On an hourly basis I am getting 0.05$
Edit after the last report: so far I averaged 1.50$ per day so far, that’s 547.50$ in one year. Not bad for a sub-account with 800$ on it.
I created the website to make people aware of all the technicalities and rules of FTX but it’s worth trying with small amounts to start with.
I am curious about your feedback if you never used the exchange before.
Should I create a section “how to create an account on FTX” and “how to fund your account” etc?
I didn’t go through that bit as I believe if you need a tutorial to create an account and fund it then you shouldn’t be doing cash & carry arb but I’m open to your comments