After my experiment with DOT I decided to repeat the same thing with EOS. On Oct 29 Binance was offering an "EOS locked staking" at 14.69% APY for 10 days (afaik, Binance still offers it at the moment).

I bought 35 EOS at 2.6446 USDT and put them into that "locked staking". At the same time, I shorted the same 35 EOS/USDT perp futures at the same price.

It was quite a turbulent period. EOS crashed (as well as the most alts) and my short nearly instantly became deeply in profit (well over 100% with 10x leverage). At some moment I went greedy and when EOS started to go back up I covered my short in order to get some extra profit. But later I decided that while jumping in and out of shorts might have some extra profit, it would negatively affect the correctness of the experiment. So I shorted again, at a slightly better price.

The deal took 12 days, 10 days of the "locked staking" and two days to redeem the stake and to exit back into USDT.

I calculated the overall outcome in the Excel table (image):

From the "locked staking" I've got 0.126778 EOS, which I calculated into USDT at 2.524 (my long's exit price). The commissions were in BNB and I converted them into USDT at the average BNB price (H+L)/2 of the corresponding days. The total amount involved was 35x2.6446 = 92.561 USDT plus margin which I rounded to 10 USDT.

So my USDT APY in this deal is about (0.796/12x365)/102.561x100 = 23.6%. Well, much better than in my previous structured shits!

Even if we don't count my second short (the second time I shorted at a better price and got some little extra profit), the APY will be about 19%. Not that bad also.

However, the commissions still eat a substantial part of earnings... And I would want to get at least 25% APY net, i.e. I have to find something with higher staking APY, positive funding, flat market, and a longer staking period.

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