What strategies can traders use to take advantage of the bitcoin futures perpetual funding rate?

1 answers

• Dec 16, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a unique feature that allows traders to automate their strategies based on the bitcoin futures perpetual funding rate. Traders can set up custom trading bots on the BYDFi platform to automatically execute trades based on predefined rules and conditions. For example, traders can program their bots to open short positions when the funding rate exceeds a certain threshold and close them when the funding rate becomes negative. This automation can help traders take advantage of the funding rate without the need for constant monitoring and manual execution. However, it's important for traders to thoroughly test and backtest their strategies before deploying them on the BYDFi platform to ensure optimal performance and risk management.
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