at 6a PT this morning, FTX.us's *hourly* interest rate for USD margin balances reached 0.00113926, an effective APR of ((1.00113926^(24*365)-1)*100=) 2,088,658%. …
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while possible FTX.us's withdrawals etc continued uninterrupted – & that'd be a credit to their engineering! – a local effective USD interest rate of over 2-million-percent indicates something wasn't quite "operating normally".
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as of 11a PT, FTX.us's USD margin balance interest rate is 2000x smaller, at a mere 1002% per year (0.00027398 per hour)
wolframalpha.com/input?i=%28%28
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3 days ago, I bought 1 USDT for $1.0017 on FTX.us. today, I sold that 1 USDT for $1.20: a 20% gain in just 3 days!
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