How to Profit from GMT Coin with Funding Fees

| Crypto | 13 seen

A few days back, I stumbled upon the StepIn application thanks to Petre, a fellow colleague at my partner's office in Tbilisi. Petre's enthusiasm for this wearable app piqued my interest, prompting me to delve deeper into its functionalities. As I delved into the app's features that evening, I stumbled upon an unexpected discovery – GMT Coin.

In Georgia, StepIn is somewhat of a household name, albeit for various reasons. But it was through this app that I unearthed the potential of GMT Coin, not because of its revolutionary technology or groundbreaking use cases, but rather due to an unexpected source of profit – its funding fees.

Inspired by this revelation, I concocted a trading strategy that bypassed the frantic pace of traditional cryptocurrency trading. My approach was simple: I decided to purchase 1000 GMT coins while simultaneously short selling an equal amount using futures contracts. This allowed me to maintain a neutral stance in the market, shielding myself from its inherent volatility.

Instead of obsessing over price charts and market sentiment, my focus shifted to profiting from GMT Coin's funding fees – a concept familiar to seasoned traders. At the time of executing this strategy, the funding fee rate for GMT Coin stood at a modest 0.01% every three hours, translating to 0.03% per day. While seemingly insignificant on the surface, the cumulative effect over time is what makes this strategy enticing.

With a monthly yield of approximately 0.9%, the annual percentage yield (APY) amounted to an impressive 10.95% – a lucrative opportunity for relatively passive income generation.

What makes this strategy particularly appealing is its low-maintenance nature. Unlike traditional trading methods that demand constant vigilance, profiting from GMT Coin's funding fees allows for a more relaxed approach. Once the positions are established, it's simply a matter of letting time do its work.

Of course, like any investment strategy, there are risks involved. Market dynamics can shift unexpectedly, potentially impacting funding fee rates and overall profitability. Additionally, regulatory changes or unforeseen developments within the cryptocurrency landscape could introduce new challenges.

However, for those willing to embrace a more measured approach to cryptocurrency investing, GMT Coin presents an intriguing opportunity. By leveraging its funding fees, investors can sidestep the tumultuous nature of price speculation and instead focus on generating steady returns over time.

While running may not be necessary to profit from GMT Coin, a calculated and patient approach certainly is. By understanding and harnessing the power of funding fees, investors can unlock a passive income stream in the world of cryptocurrency, all while enjoying a smoother ride amidst the market's ups and downs.

Visit Terramatris crypto hedge fund to learn more about my trading strategies!