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    [Daily Discussion] - Thursday, February 11, 2021 Bitcoin Markets

    February 11, 2021

    [Daily Discussion] - Thursday, February 11, 2021 Bitcoin Markets

    [Daily Discussion] - Thursday, February 11, 2021

    Posted: 10 Feb 2021 09:00 PM PST

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    submitted by /u/AutoModerator
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    Twitter is about to buy Bitcoin

    Posted: 11 Feb 2021 02:17 AM PST

    While experts were arguing about Apple and would it buy Bitcoin or not, Twitter announced its desire to participate. The Chief Financial Officer of Twitter Ned Segal said on Wednesday that Twitter is looking for options to pay employees in cryptocurrency. It was also said that Twitter wants to put a part of its funds into Bitcoin.
    Do you think this is the real beginning of mass adoption? After all, if people get paid in crypto they don't have other options but to use it.

    submitted by /u/SimpleSwapExchange
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    How do I take advantage of huge funding rates in ADA perpetual futures?

    Posted: 11 Feb 2021 01:27 AM PST

    After ADA's massive run up I noticed the funding rate on ADA/USDT perpetual futures is massive, 0.2625% /8hr (there's also a fat premium over the spot price in there to collect too), however the funding rate on the ADA/BTC pair is a much more tame 0.01%. I feel like there has to be a way to make money on the funding rate without being exposed to the price movements of ADA. So I want to short ADA/USDT and long ADA/BTC however this leaves me short BTC/USD (I think). For example, if I just short ADA/USDT, and long ADA/BTC if bitcoin runs up the trade blows up in my face.

    So the solution is to long some number of BTC/USD contracts. My question is what is the optimal way to set this up so I maximize profits and don't get liquidated on any legs of the trade? I can go up to 20x leverage on the ADA/BTC pair and 100x on BTC/USD and 50x on ADA/USDT though like I said we want to avoid any liquidations. The maker fees are 0.02% on the USD pairs and 0.1% on the ADA/BTC pair. BTC/USD funding rate is 0.051% I was hoping someone here had done similar trade and could help me out. The goal is to collect funding without being exposed to price movements directly.

    submitted by /u/Golfergopher
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