BTC keeps bouncing but won't break out. If you're long, that means waiting. On a perp, waiting has a running cost: funding comes out of your position whether price moves or not. On f(x), a leveraged BTC or ETH long/short pays 0% funding. Hold it a week or three months, the carry is still zero. And if BTC wicks lower while you wait, the liquidation brake trims your leverage before you get liquidated.
f(x) ProtocolShare
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