I also bought a decent stack of $basis from basis.markets Solana Defi is about to make a comeback in a big way. Especially with what I know of Zeus Network. Basis is posed to take advantage of this with it's BTE trading engine. NFA, but u know what to do. #solana #btc

Good morning, we've had some questions around 'how can I learn about basis trades' and 'what is the #BTX' Here's ted doing his best to explain 👇 youtu.be/T0qwDzUCWLs

1/ The #BTX is once again presenting numerous delta-neutral opportunities in this market. BTC is offering APRs as high as 86% 🤯 Here's what we are seeing to start the week ⤵

1/ Bull market APRs are back 📈 Getting the #BTX to a public launch is currently our sole focus. More people should be able to take advantage of the awesome opportunities that exist in this market right now! Here's an update on the technical timeline 👇

It's multi-exchange week for the #BTX 🚀

BTX 0.5.0-alpha is live 🚀 The first of many releases bringing multi-exchange funding arbitrage + basis trading to our users. Binance + KuCoin are now fully integrated, while data feeds for OKX and BitMEX are now streaming in real time. Watch this space 💪

🚨 Big news from Binance! They've entered the funding arbitrage game with their own basis tradingbot. Hmmm, if only there were one that could do this across all major centralised exchanges 🤔 We're coming. #BTX

Our project update for May is now live 👇 blog.basis.markets/project-update… Covering: - Why multi-exchange basis trading wins - Key technical developments - How uses can get involved prior to public launch

1/ The #BTX now supports trading across multiple venues, which is EXTREMELY powerful. We want to help the beginner and advanced trader to profit from the market without being exposed to it's direction. Here's why multi-CEX is a game changer 👇

On news of a spot Ethereum ETF approval in the US, the market is heating up! $PEPE is offering an impressive 65% APR and ETH is also delivering strong returns. Compounding a 65% APR basis trade would turn $10k into $20k over the course of a year. Get trading with the #BTX 💪

Did you know that you could 2-3x your crypto portfolio value, WITHOUT being exposed to the direction of the market, within just 12 months? 🤯 We're automating crypto funding arbitrage (basis trades) with the #BTX to help you do just that.

Another week of opportunities via the #BTX! $LSK --> 🟢 Long at OKX + 🔴 Short at Binance for 112% APR. An opportunity like this can earn $145 per week on a $10,000 account—without exposure to market direction! 💪

Ask and you shall receive! We're integrating WOO X with the #BTX - opening the door to even more opportunities for users 💪 WOO support has been A++++

We’ve been cooking🔥👀 Here’s a sneak peek of the new #BTX UI/UX

We’ve now added WOO X to the #BTX Users will be able to arbitrage funding rates across it + many others centralized crypto exchanges! So now, let us know which exchange we should add to the #BTX next!? 👇

The #BTX UI/UX rework is coming along nicely 😎 - New visualizations ✅ - Optimized trade execution flow ✅ - Beginner friendly UX ✅

THE KRAKEN HAS BEEN CHOSEN

We have seen zero positions liquidated in this Armageddon of a weekend. These days are a gift to stress test our systems but horrendous for those exposed. Not a time to gloat but help, join us in the discord. A lot of smart people there. 🚀 discord.basis.markets

It's not uncommon to get 25% APY from funding rates but getting in and out of positions can be a hassle. That's why we created the BTX: it opens a spot + perpetual position so you can profit from the funding rate without directional risk.

/Does leverage affect how much yield you get? Yes and no🧐 Let’s take a step back: 👉 Merlin is doing an automated Long Short via our Basis Trade eXecutioner (BTX). It means he is: • Long the perp of an asset on exchange 1; • Short the perp of the same asset on exchange 2.