In this lesson, we will explore our experience of earning through price spread and funding rate on the APT token.
We made the spot purchase on Bybit and opened a short position on HTX.
The funding rate was 0.1%, which is a good figure when working with large capital.
We were fortunate to enter the trade during a significant price increase.
We entered the short with nearly $9,000 or 900 APT. It’s important to note that we didn’t enter all at once; we placed orders in increments of 100-200 tokens.
As seen on the chart, the price was rising, and the correct approach was to buy some tokens first, then open a short for the same amount.
We initially expected to earn 0.1% from the funding rate plus some price spread, but ultimately, the difference was 1.2%.
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