In the wild world of crypto trading, where fortunes can flip faster than a meme goes viral, one degen trader is sharing their real-time journey into funding rate arbitrage. If you're new to this, funding rates are periodic payments in perpetual futures contracts that help keep the contract price aligned with the underlying asset's spot price. Long positions pay shorts when the rate is positive, and vice versa—creating opportunities for savvy arbitrage across exchanges.

Enter @DegenApe99 on X (formerly Twitter), who's documenting their experiment with EVFARM v2, a tool from EVplusAI, which is closely linked to the $TRUST meme token. This token, born from the "Trust me bros" meme as a stand against rug pulls, powers an ecosystem of AI-driven trading signals and strategies. EVFARM v2 automates the arbitrage by spotting differences in funding rates between platforms like Lighter.xyz and Paradex, allowing users to open offsetting positions for low-risk profits.

The thread kicks off with Day 2, where the trader reports an impressive $800 profit after 48 hours. Starting with $8,500 on each platform, they've grown to $10,000 apiece, with total volumes hitting 450k on both sides. "Much better than expectation 😆," they note, highlighting the efficiency of the setup.

By Day 3, the momentum continues with another $600 in gains, though slightly down from the previous day. Volumes have climbed to 575k on Lighter and 615k on Paradex over 72 hours, maintaining the balances at $10,000 each. Screenshots shared show detailed portfolio stats, including account values, unrealized P&L, and margin ratios—proving the strategy's real-world results.

Community reactions pour in, with users like @PioGerard exclaiming "Sheesh" at the volumes, and @ToothCavity1 predicting a bottom for EVplus users ready to "cook real good." Others seek tips or express interest in joining, underscoring the buzz around this DeFi hack.

For those eyeing meme tokens like $TRUST, this showcases how associated tools can deliver tangible value beyond hype. EVplusAI's focus on AI agents for signals and arbitrage aligns perfectly with the degen spirit, potentially boosting $TRUST's utility in the Virtuals Protocol ecosystem.

If you're dipping into perp DEX farming or hunting airdrops, strategies like this could be your edge. Just remember, while funding arb aims for low risk, market volatility and liquidation threats are always lurking—trade smart! Check out the full thread here for more degen inspiration.