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Is 1m scalping possible in crypto or are the fees too high?

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by COINS NEWS 55 Views

Is 1m scalping possible in crypto or are the fees too high?

https://preview.redd.it/5qqsrq7k1rod1.png?1522&format=png&auto=webp&s=20f1d78302cf8c0edb1218ca5416c18744427934

I am applying a strategy I have applied to the S&P500 which has been profitable for me short to medium term. It's a very bot-like strategy, that opens and closes positions very soon based on volume criteria. It can make profit on as low as 0.04% deviation from open price.

I've opened a 13 ETH position with leverage and closed 1m later for +14.29 USDT PNL just to validate my strategy on crypto.
Little did I know that after taking all fees, I was at loss.

Did my homework and saw my cex/broker charging 0.02% maker, 0.05% taker.

https://preview.redd.it/1yujb0yz2rod1.png?564&format=png&auto=webp&s=cb6dac7579e485b89a0f9e8bac1065fcf49aad1f

Are there any cexes/brokers in the crypto space that are more scalping friendly in terms of fees? Or is scalping in crypto mostly done on larger time frames? e.g 5-10m

submitted by /u/merryfasos
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