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Author Topic: Poloniex BORROWING RATES very very.....very cheap??? How cheap.....in USD?  (Read 97 times)
Cheddy (OP)
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January 02, 2018, 12:01:34 PM
Last edit: January 02, 2018, 01:01:05 PM by Cheddy
 #1

I was looking at the Poloniex loan rates on mostly 2 day loans, and they are something like .0050%.  

If I borrow 1 bitcoin at .0050% a day, what does that cost in USD?  

My math seems too low to be true.  
Cheddy (OP)
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January 02, 2018, 12:30:10 PM
 #2

I was actually talking about the loan rates that seem fictionally cheap.

Can I do this?

Borrow money from the lending tab, and then use it in the margin tab to day trade with?

I day trade futures contracts, stocks, and options.  I'm just trying to get this market figured out and my routine structured. 
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