CryptoMichNL: $50K Basis Trade on OndoPerps
CryptoMichNL launches a public $50,000 basis trade experiment on OndoPerps, buying tokenized stocks like NVDAon and shorting equivalent perps to harvest funding rates with zero net delta.
SourceAnalysis
CryptoMichNL will deploy $50,000 across OndoPerps starting Friday in a live basis trade, buying tokenized equities such as NVDAon as collateral while shorting matching perpetual futures to isolate funding collection and eliminate directional exposure.
Price action on the ONDO 4h chart shows the token trading at $0.43 inside the Bollinger Bands with the lower support at $0.42 and upper resistance at $0.47; the EMA50 and EMA200 both sit at $0.45, forming a clear resistance zone above current levels while the MACD death cross and neutral RSI at 37.98 keep momentum tilted bearish, suggesting any funding-driven flows may first test the $0.42 band before reclaiming the dual EMAs.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast