Another update on my @boros_fi trades via @pendle_fi
Position - Short ETH Rates
- Still holding strong as of today, no need to close just yet given how lucrative this has been
- ETH funding rates have consistently been sub 5%, at times even going negative
- 7 straight days of collecting funding with leverage
- The negative funding rate has led to some insane farming rewards, PnL is almost 50% related to funding payments now despite my entry being 8.5%
- In the last update, we were in the mid 7's and I was hoping we'd see downside to 6's. Now heading towards the low 6's, I'm not sure how long we'll see funding this low.
Conversely, BTC funding is pretty normalised, maybe time for a 'pair trade'.
twitter.com/0xMughal/status/19...
