USDTBULL on FTX is up over 50% in a year.
It holds USDT-PERP rebalanced to 3x leverage.
A long USDT-PERP position only paid funding at an average of about 5% p.a. over that period.
So where did the rest of those returns come from?
What am I missing?
Seems... wrong. 🤔
It holds USDT-PERP rebalanced to 3x leverage.
A long USDT-PERP position only paid funding at an average of about 5% p.a. over that period.
So where did the rest of those returns come from?
What am I missing?
Seems... wrong. 🤔
Most likely what @factorialzeros and @ArchipCapital have pointed out.
The token would be buying more and more USDT-PERP as it rebalanced.
And the cashflows would be relatively consistent and USDT-PERP v low vol, it would compound very effectively.
The token would be buying more and more USDT-PERP as it rebalanced.
And the cashflows would be relatively consistent and USDT-PERP v low vol, it would compound very effectively.
As my man @IDrawCharts said in the comments, you could DIY this much better yourself.
- Long USDT-PERP
- Re-invest funding received back in by buying more USDT-PERP.
Obviously, there's a reason people are pushing those perps down (it's tether innit) so do your own research.
- Long USDT-PERP
- Re-invest funding received back in by buying more USDT-PERP.
Obviously, there's a reason people are pushing those perps down (it's tether innit) so do your own research.
Actually... still confused tho... 🤦♂️
https://twitter.com/therobotjames/status/1465860977149157376?s=20
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