In this article, we’ll cover how to get exposure to groups of markets instantly by using FTX Perpetual Futures markets. Which could be a useful way to get exposure without all the hassle of buying the individual assets.
Available markets of interest:
- SHIT-PERP (index for a group of coins with lower marketcap often referred to as “shitcoins”).
- DEFI-PERP (index for a group of coins associated with DeFi).
- EXCH-PERP (index for a group of coins associated with Exchanges).
You can view a list of included coins for each group.
The markets indexes are calculated as a percentage of the median. ie the quantities of the specific coins held are balanced out to get a good spread of coverage between the coins in the index.
Example of the Shitcoin Index
You can trade both up and down on the SHIT-PERP market, which tracks the price of a basket of low-market-cap coins, using a weighed average of their prices. Get diversified exposure to 50 different coins with one future!
If you’re unsure on what futures are, then you can read about them here.
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