Recently, I've been watching the PIEVERSE market, and many people are engaging in funding fee hedging. The current rate is as high as 0.2%, which is indeed quite outrageous—putting significant pressure on the short side.
Based on the current pace, there are still 2 days of operation window. During this cycle, you can at least settle 12 times. Have you roughly estimated what level this arbitrage could reach? A 0.2% fee rate is quite rare in the market. If you can successfully secure these 12 periods, the returns are quite substantial.
That said, funding fees can fluctuate quickly. Has anyone already locked in their position? Or are you planning to continue observing?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
3
Repost
Share
Comment
0/400
ForkTongue
· 01-10 01:55
0.2% directly takes off. If this wave is a bottom-fishing opportunity, it feels like a huge profit.
Damn, settlement in 12 periods? I already got on board, but it still depends on how the subsequent fee rates will go.
Funding fees are like the weather, they change suddenly. I prefer to lock in gradually.
View OriginalReply0
RebaseVictim
· 01-10 01:42
A 0.2% fee rate is indeed exaggerated, but a 12-period settlement sounds a bit too idealistic. The market isn't that cooperative.
View OriginalReply0
DegenWhisperer
· 01-10 01:42
0.2%? How long do I have to keep eating this? When the fee rate drops, it'll be in the blink of an eye.
Recently, I've been watching the PIEVERSE market, and many people are engaging in funding fee hedging. The current rate is as high as 0.2%, which is indeed quite outrageous—putting significant pressure on the short side.
Based on the current pace, there are still 2 days of operation window. During this cycle, you can at least settle 12 times. Have you roughly estimated what level this arbitrage could reach? A 0.2% fee rate is quite rare in the market. If you can successfully secure these 12 periods, the returns are quite substantial.
That said, funding fees can fluctuate quickly. Has anyone already locked in their position? Or are you planning to continue observing?