📢 New arbitrage opportunity on Backpack
Currently, the annualized lending rate for APT is about 28%, and the funding rate for APT perpetual contracts is positive, meaning you can earn funding fees by shorting every hour.
👉 Combined, this strategy's annualized return exceeds 30%+, making it very suitable for non-trading users to easily earn points and profits.
Steps to operate:
1️⃣ Deposit USDC
2️⃣ Buy an equivalent amount of APT spot (quantity of your choice)
3️⃣ Short an equivalent amount of APT perpetual contracts
⚡ Low risk (liquidation is only possible if the position exceeds $1 million), achievable only on Backpack because we have a unified full-margin account system + APT incentive mechanism.
🎯 Don't forget about the achievement rewards!
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