source avatarSam (Interop Enjoyoor 💜)

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Funding for ethereum:0xde4ee8057785a7e8e800db58f9784845a5c2cbd6 spiked up again on aster and variational and here is the strategy I am using to farm the funding rate.. On Aster, funding is -1537% annually and it is paid annually while on variational, funding is -1,293.48% and it is paid every 4 hours. To fully capture the funding rate, my plan is to close and reopen my position every 3 hours so as to dodge the funding payment on variational. Here is what I mean: - Since funding is paid on variational every 4 hours, I would open the long leg on aster because funding is paid hourly and funding is higher then I would open the short leg on variational.. - This way, I receive 3 hours funding on Aster ( per hour is equivalent to $1.53 on $1,000) then I close when it is almost time for the funding snapshot on variational. - After the funding snapshot has been taken on variational, I reopen both positions then I rinse and repeat the strategy... Win Win cause I get to push volume on Variational and I get to collect enough funding on Aster that would cover my fees... Thanks for playing, kek.

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