HOW TO MAKE AN INCOME FLYWHEEL ON PERPETUAL EXCHANGES

Summary from the TLDR Crypto newsletter

This thread explains how to create an income flywheel using perpetual DEXs. It is possible to go both long and short on two different DEXs, leveraging the funding rates by emulating the strategy that the newly launched stablecoin protocol Ethena is implementing. The key is to pick exchanges that are profitable, offer good tokenomics, and provide good delta through arbitrage. Currently, Vertex and HMX are the author’s top picks owing to their stable income, continuous tech development, and beneficial tokenomics.