I shorted ETH with $100 at 20x leverage on Kraken and paid:
$16 opening fee
$16 closing fee
$5 margin fee
Made $7 gross but lost $30 after fees. A $1482 price drop breaks even but that doesn't even happen in a year...
Ideally, I want to short BTC from $80,144 to $79,673 (red to blue line in screenshot) using $100 at 20x leverage. That’s $11.76 gross profit, but Kraken’s fees wipe it out.
Any platforms that allow shorting with zero or very low fees so I can keep most of the profit?