When the Bitcoin perpetual contract experiences a continuous negative fee rate for 72 hours, the following strategy can be executed:

  1. Spot Buy + Contract Short: Buy BTC on Binance's spot market while opening an equivalent short position on Bybit to capture the fee rate difference (annualized up to 18%).

  2. Calendar Spread Arbitrage: When the quarterly contract premium exceeds 5%, short the contract and buy equivalent call options for protection.

  3. Cross-Exchange Hedge: Utilize the fee rate difference between OKX and Binance to go long on the platform with a positive fee rate and short on the platform with a negative fee rate.
    Key Risk: Sudden Exchange IssuesLiquidation SharingThis may cause the strategy to fail; it is recommended to use no more than 5x leverage. Historical backtesting shows that this strategy achieved an annualized return of 47% during the bear market of 2023, but after the market efficiency improved in 2024, the returns dropped to 12-15%.#交易类型入门