Arbitrage Case on APT token: 1.2% spread and +0.1% funding rate

We have prepared each lesson in both text and video formats.

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%.