1/21
Basis trade? Funding rate arbitrage? Delta-neutral sounds great on paper: hedge price risk, collect yield, beat the market. 📈

But the #1 thing that silently kills your P&L? Slippage. 🔪

🧵 Let’s talk about it: 2/21
Slippage is simple, but deadly: It’s the difference between the price you expected… and the price you actually got.

Buy BTC at $100K? Actually filled at $100,030? That $30 difference = slippage.

💸 You just lost money before the trade even began.

1/6 What’s ?

We’re a crypto delta-neutral trading platform that allows you to profit whether the market goes up or down, Powered by $BASIS.

Executing basis trades, i.e., going long on an asset on spot + short asset in perpetual, puts you “delta-neutral”. Basis.markets 2/6 Why does it matter?

Trades you automatically execute with the BTX act as a safe haven under different market conditions: long/short, basis and reverse.

The market can go up, and you profit📈
The market can go down, and you profit. 📉

You do that with funding rates.

1/ What are basis trades + how can you make money trading it with the #BTX?

Here's a quick explainer ⤵ 2/ Our profit in a basis trade is the 'funding rate' or the premium that directional traders are willing to pay, to have a position open.

At times this can be very lucrative, especially when a new narrative or 'FUD' hits the market!

1/ BTX is going live this month 🥳

The basis trade engine execution layer has been months in development following DAO proposal 004 and we are almost ready for launch ⤵️ 2/ The user authentication flow and mobile 'readiness' is currently under stringent testing, with live trade data and opportunities are flowing into the app.

Testing to date has been purely backend, once the auth is ready, we are good for launch 🚀

Here's what happened over the weekend in macro and crypto.
🧵 1/ OIL
• Oil drops below $71 in anticipation for a week of interest rate decisions (US CPI and ECB) and a North American crude pipeline (Keystone) which hasn't restarted.

1/ Time for the weekly recap.

What happened this week in macro and crypto.
👇🧵 2/ ===MONDAY===
THE FED
◗ Fed is doing something it has never done before: lose money.
◗ Operating losses have risen because the interest it is paying to keep funds with it now exceeds the income it earns on $8.3T.