Just bought 8600 5000/7000 ETH call spreads for march 2027 Basically if ETH is below 5k by then we lose $238k But if ETH goes anywhere higher, we make all the upside on 8,600 ETH At $6k that's $8.3M profit At $7k that's $17M profit 1x downside, 71x upside. Perps could never provide this because - to get 8.6k eth exposure I'd need like $4M in collateral (5x perp) - Even with a 5x perp if eth dips to just 1.9k I'd be liquidated and lose it all before the expire - If funding rates are 10% it would cost me over $1M in funding fees to hold the position until late march Instead I paid $238k all in and never need to spend another cent ty for the copy trade @koolkrypto223 it just took 10 minutes on the @DeriveXYZ RFQ system note: dcf cap holds drv (and these spreads)