Perps with ZERO funding rates?

Why gTrade (Gains Network) should be on your radar!

Typically in a bullish market funding becomes increasingly positive and in a bearish market, increasingly negative.

If your trade shares the market’s outlook it’s likely your funding payments over time start eating into your profits.

🥬🥬🥬🐛

Let’s take the bull market in 2021 🐮

The ETH funding was very positive (>20% annualised at times) as everybody wanted to go long.

Apply leverage to that rate and you’ll have a very good reason to shop around for cheaper ways to go leveraged long.

Let’s assume a sustained high funding rate & a sideways market 🦀

If you were using 5x leverage on $10,000 long some altcoin (margin of $2,000) and funding stays at 15% you’d pay 15% x 5 = 75% of your margin ($1,000) away over the year!

To many the bull market has come and gone, so what does funding look like now?

At the higher end on BitMEX, ETH funding rates seem to be converging around 8%. A significant cost compared to not paying funding at all!

At times altcoins can carry much larger funding rates compared to blue-chips like BTC & ETH!

Visit https://ftxpremiums.com and filter by the most positive funding rates to see what we mean.

Next time you need to make a swing trade in the face of ‘to-the-moon’ funding rates now you know you have a genuine financial incentive to try out gTrade!