UPDATE: We’re now LIVE with our offering for a 5-day trial with max 0.05 BTC balance. The market maker will prove itself by working for you before you have to pay us anything! https://www.coindexlabs.com/subscribe
Over the last week, I’ve managed to wrangle Deribit and Binance into some pretty advantageous situatiuons.
First, I acquired 60% of the fee share on Deribit for our frontrunning account, where Coindex and I will be running a $15 000 trial in the coming weeks, using our proprietary AI and proprietary order risk management through hedging. Very exciting times!
Deribit also offered their partner program to Coindex and to me specifically, where we can earn an extra 20% of their fee structure of 0.075% for people we bring in and run our bots on their behalf, after they login to our OAUTH login flow and then we add some partner request headers and magic so that people everywhere can use my Market Maker.
My subscribers have been having some fantastic days!
My efforts at Deribit could not have been as successful without their dead-on support rep @MrJozza!
Next, Binance welcomed me into their Broker’s program. There’s a few models and fee rebate/discount tiers, but once we’re in the master/subaccount model I can be granular by assigning discount rates for my subaccount models. This allows a ton of additional opportunities, like creating an SaaS-model platform to take advantage of (nearly) 50% off trading fees for stablecoin->stablecoin pairs, which will eliminate risk as they always range around $1 and the difference in bid/ask alone with the discount means that we can soak up some of the $10s of millions in liquidity in immediately profitable trades.
That’s in the books – same, too, with a funding fee arbitrage bot that buys long with there’s a premium and sells short where there’s a premium, across dozens of futures exchanges, and then waits for those prices to converge before cashing in considerably. This actually happened to us with our funding rate arbitrage model on Deribit, some of my users seeing 240% profits all the way up to 10x, 40x.