Bro, can you take me to specifically play with funding rates?

【Through different settlement frequencies, contract hedging funding rate arbitrage review】

Last night I saw the announcement from Binance, the funding rate frequency for the $AERGO contract was adjusted to once every 2 hours, it has always been capped at -2%

Then I turned to check Bitget, it was also -2%, but it was every 4 hours, and there was no announcement of adjustment, so I decided to do contract hedging arbitrage

At that time, the price of BN was 0.177, and on BG it was 0.174, with a price difference of 1.7%. As long as I could take advantage of the 2% rate once, I could break even and make a profit, so I decisively took action and opened a 10,000 USDT contract on both sides

In the end, I took advantage of it three times at 2 o'clock, 6 o'clock, and 10 o'clock. Then at 2 PM in the afternoon, BG also synchronized to a frequency of once every 2 hours, ending the arbitrage opportunity. At this point, BN still had some positive premium, so I decisively closed the position

Final profit was over 300 USDT, the cost was 6000 USDT, with 3000 USDT placed on each exchange, using 3.3x leverage to open a 10,000 USDT hedged position, in half a day, the yield was 5%