🔥Funding Arbitrage for hundreds of millions of dollars. Profit over $19M.🔥
Abraxas Capital Fund shorts BTC, ETH, HYPE, SOL, and SUI for $780M, but they don’t just short—they are in a hedge position—it doesn’t matter to them where the price goes, what matters is the funding that is consistently paid out.
🔍 How does it work?
✔ They short the aforementioned coins on Hyperliquid.
✔ Hold an equivalent amount of coins on spot (to hedge risks).
✔ Earn on funding payouts—total profit amounts to $19,023,362 ($8.5M on BTC, $6.1M on ETH, etc.).
🤑 Why is it safe?
If the price rises → loss on the short, but profit on the coins bought on spot (we’re at zero).
If the price falls → profit on the short,
but loss on the coins bought on spot (we’re at zero).
Bottom line: due to the hedge, losses are compensated, and funding brings pure profit!
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