This is a great strategy during a long downtrend vs putting your powder on the sidelines. PAXG is backed by gold so it has much lower risk. Doing this at KuCoin is giving me 40% APR for the last couple of months. Your mileage will vary due to entry points, etc. but mostly PAXG goes sideways with plenty of wicks for arbitrage.
Note
Adjusted the rainge to fit the rising price of PAXG - using 1800-2250 with 13 grid lines.
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