Chimes钟鸣

A day without learning is like three autumns; has everyone learned the arbitrage knowledge shared earlier? Have you successfully profited from the market?
But looking at the comments, some friends are still confused: What is hedging? What is the funding rate? Arbitrage sounds mystical?
Don't be afraid! Chimes' class is starting! In the next few issues, we will not only explain the principles but also give examples (examples, not chestnuts), ensuring everyone understands and can practice!

📚 This issue's content: Contract funding arbitrage, allowing you to "earn transaction fees while lying down"!

In simple terms, it's about taking advantage of the differences in funding rates between different exchanges to execute a "buy low, sell high" strategy and profit from the platform!

How much U did everyone sell from last night’s $SOPH ? Did you successfully sell it out at the first moment?
Friends who want to sell at a high point have been failing in trades, it's not because your hand speed is slow, but because the chain is lagging. Gas prices have surged, Pending is indefinite, and you watch helplessly as the price drops from 0.12 U to 0.08 U, and then... the trade fails.
At this point, you finally understand: you’re not not working hard, you’re just playing the wrong game.

So we started to change our way of living, studying how those big shots make money while lying down. For example, there’s a brother who doesn’t bother with all those messy projects. He focuses on arbitrage based on the contract fee settlement time difference, summarized in one sentence:

The crypto circle is full of bizarre creatures, with markets fluctuating chaotically. But in this cutthroat market, there surprisingly exists a 'hidden passage' that regularly sends money every four hours—today, we will unveil a risk-free business opportunity in funding fee arbitrage, allowing you to easily earn while experiencing the thrill of 'shearing the platform's wool'!

1. Protagonist of the story: B3USDT, a little cash cow in the crypto circle?

First, let's take a look at the situation of these two platforms:

📌 B3USDT on Binance:

Latest funding rate: -1.2923% (negative value means the short side has to pay the long side).

In the last issue, we talked about hedging to lock in profits, and the comments were filled with 'real content!' This time we continue with some heavy moves—teaching you a trick: you can still make money without claiming airdrops! #币安钱包TGE #ALPHA
Doesn't it sound a bit outrageous? Don't worry, let Chimes tell you slowly, this operation is called 'looking at the meat without drooling, while still sipping some soup.'
Let's talk about a real situation:

Due to Alpha's point consumption mechanism officially launching, those hardcore players with 200+ points can no longer guarantee to grab every airdrop.
Highlight:
The Alpha point accumulation cycle is 15 days, and most players can only grab 2-3 airdrops.

Recently, the square has become more and more lively, and the Alpha scoring army is growing.

Many new friends have been working hard for days, ready to get rich when the TGE airdrop arrives... only for the price to crash suddenly!

Originally thinking of making a big profit of 100U, but when the funds arrived, there were only 60 or 70U left, and profits were directly halved, like getting only half a sausage...

Don't panic, this issue of Chimes will teach you how to counterattack—use 'hedging' to stabilize profits!

🤝 What is hedging? Can you eat it?

If you have read our articles in the past few issues, you must know:

Following the last widely watched (Layer contract negative fee arbitrage), many friends commented:

"Chimes, we have learned negative fees, but can we still take advantage when the fee is positive?"
Of course you can take advantage! Otherwise, why would I write this article? Is it to waste your time?
1. Review of arbitrage principles

Did you think only negative fees can make money? On the contrary, positive fee arbitrage is the 'dessert-level' strategy with the lowest threshold and lower risk:
Negative fee arbitrage: going long on contracts + going short on spot, taking the subsidy from the contract side.
Positive fee arbitrage: going short on contracts + buying spot, hedging risk, taking fee income.

Chimes's zombie update!
Hey guys, Chimes took a few days off due to poor health, and the comment section was almost overwhelmed by the "army of urging for more updates". Today I was finally able to get out of bed, and the first thing I did was to pay my debt - ugh, update!
In the previous few articles, I talked about some financial management tips, and as a result, many "lightweight players" asked me:

"Brother, your project has an annualized return of 20%. I only have a few dozen dollars in my wallet. If I invest in it, I can't even afford a hot pot meal. How can I expect to double my investment and eat instant noodles?"
I thought, this is indeed a problem. So, this issue is specially prepared for friends from A1 to A5: low threshold, high response, and hand speed!

The tide of score-boosting has receded, who is selling shovels?
As the threshold of the Alpha project becomes higher and higher, the chain frequently encounters "mines" such as gas fee explosion and excessive slippage, and the vigorous "score brushing tide" in the square has gradually died down. It seems to have returned to the San Francisco Gold Rush era more than 100 years ago - when gold diggers from all over the world flocked to it, the ones who finally made a lot of money were not the miners, but the merchants selling shovels and jeans.
Nowadays, the gas consumption of on-chain scoring and the liquidity value provided by users far exceed the benefits of the airdrop in the end. Scoring is like gold mining. Everyone wants to dig the first pot of gold, but the ones who really make a lot of money are often those who quietly "sell shovels". So the question is: Who is the big winner of "selling shovels" in the blockchain circle?

1. Where do Alpha points come from?
There are currently only two official channels. Don’t believe in “points tips” or “internal groups of old friends”:

Daily deposit: calculated in different tiers, with points awarded in a tiered manner. In short, the more you deposit, the more points you get.
Alpha channel transactions: Buy altcoins in the Alpha channel and receive points in a tiered manner.
Does it sound simple? But the reality is that relying on deposits alone is no longer enough to catch up with the ranking points, so everyone has turned to the "involutionary artifact": crazy trading!
The common method is to use 512U or 1024U to exchange coins back and forth to increase the transaction amount.

The community rewards in 2024 are undoubtedly satisfying, bringing considerable returns to holders. However, as 2025 approaches, this 'cake' is gradually getting smaller, with more resources starting to tilt towards Alpha.

The atmosphere in the square has also changed, shifting from 'participation' to 'involution'. Currently, Alpha's incentive mechanism mainly rewards the top fifty thousand in points ranking, making it hard not to suspect whether the later rewards will be enough to cover the time and cost invested in the point accumulation process.
For BNB holders, the returns for 2025 are clearly not as bright as last year.