π By the way β why I never recommend jumping into futures, and hold spot instead.
β Alexey Khitrov, founder of ArbitrageScanner
I randomly notice that yet another token in my portfolio (and I've got plenty of different ones) is ripping x25 from the very bottom β from 10 cents to $2.5. At around x2 from my entry I start selling, at $1.1.
I'm talking about LSK. Just in case, I drop it into my own analysis service β like, why the sharp spike? (I've got more than enough parameters for that) β and I see the news coming out: the network is being shut down, nothing but negativity, no growth narrative at all. Plain manipulation.
And what does everyone teach you? The asset's a scam, the news is bad, so you can safely short it. Makes sense, right? In general β yeah. And that's exactly the moment they paint the candle the other way and shave off the smartest "analysts" β which is precisely why we saw this pump.
The market has changed. These days you have to keep a lot of factors in mind. There was a loud statement that the token is being scammed, the flies swarmed in, and the result β a liquidity grab. And right now it's unclear whether they'll shave off the last of the liquidity or not.
I've had this token in my portfolio for a long time β I even arbitraged it and held it in staking, accumulated a fair amount. Held it for better times.
π‘ Now β how to actually earn on this if you believe in the token and already hold it.
Look at the numbers: on Binance spot it's ~0.9955, on HTX the perp is ~0.9033 β a spread of about 9%. On top of that, HTX funding is negative (β1.11%), meaning you get paid for going long.
The setup (an example, not financial advice):
1οΈβ£ You already hold the token on spot
2οΈβ£ Open a long with 1x leverage, isolated, on HTX
3οΈβ£ Collect funding while you hold β it pays out every 8 hours
4οΈβ£ When the perp and spot prices converge β you also capture the convergence (currently ~9%)
5οΈβ£ Close the long
The result: funding accrued, you earned on the convergence, the token stays in your portfolio, and a share of capital lands on your balance on top. The wider the spread and the longer the funding holds, the bigger the payout.
That's your payback and free tokens for the long term. That's how I've kept quite a few assets in my portfolio over my 9 years in the market.
Track setups like this with us β https://arbitragescanner.io
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