Best crypto pairs with 1k?
- Thread starter wxytrader
- Start date
Any crypto with perpetual futures trading is good for $1K collateral
For example, btc/usdt you can do 40x leverage long/short, get 1 btc position, a $500 move you make 50% roi
Same with eth/usdt 25 Eth position can capture $200 move, make 50% roi
Some alts with perpetual futures are having crazy moves right now
4 BNB
Yeah I'm doing DOGEUSD with 256k of them paying about $8 per day interest on a 5x margin.
Is it better to go with USDT? It's not letting me add margin for some reason.
I'm using a dex that only has USDT pairs against cryptos
I used a perp futures trading platform that did not allow modification of margins (GNS a fork of GMX) and the only way to make changes would be to close the position, make the changes and then open the trade position again
The one I'm using rn is flexible, can make changes to position and margin
Added collateral 6k usdt and added 1 more long btc perp futures, total 5... going into Bullcember, will reduce position size if btc pulls back to $34.7k
That's awesome...what's your liquidation price? What's your carrying costs on 4btc?
Current liquidation price is $29.6k but it will change when (if) I reduce the position size if btc pulls back to $34.7k
I don't know my carrying costs, sorry... it's an old position starting position size was 1.5 btc, kept adding until current size is 5 btc
I'm holding about 20k in Dogecoin with about 5k so it's costing me about .26-.46 per hour to hold the position.
What exchange are you on?
It's a dex Apollox