Let me tell you about my own real operation. Firstly, take out a down payment of $380000 out of $1 million to purchase a large life insurance policy with a premium of $1 million and a coverage amount of $10 million. A loan of 620000 US dollars is made in Swiss francs, with a current interest rate of 1%. Because opening a Swiss franc loan requires CIMB to become a VIP user, with the condition of depositing $200000 for three months. So I will buy these 200000 dollars as three-month US bonds. I have $420000 in disposable funds in the first three months, which I will divide into four parts. The first one is to buy dual currency at a low price of 150000 US dollars, with the goal of buying Bitcoin around 75000 US dollars. I will split it into three parts, each priced at $50000, with options for 7-day, 14 day, and 30 day maturities to avoid delivering all $150000 on the same day. If you don't buy it, you can continue rolling the profits. In the final delivery, you can buy about 2 Bitcoin, and the actual cost after deducting the dual currency profits will be less than $75000. The second one is a capital rate arbitrage of 150000 US dollars. The main choices are Bitcoin: native and Ethereum: native. Buy spot while shorting equivalent perpetual contracts, with the nominal value of the contract always consistent with the spot, without making directional bets or exceeding double leverage. Based on the average funding rate of the past 7 and 30 days, after deducting the handling fee, if the expected annualization of the entire fund is less than 8%, no action will be taken, and if the funding rate becomes negative, the position will be closed. The third one is a Bitcoin put option with cash collateral sold for $70000. The expiration date ranges from 30 to 45 days, and the exercise price is set between $63000 and $65000. Earn the option premium before reaching the exercise price, and use the prepared cash to receive a Bitcoin when it falls. Combining dual currency and put options, the maximum receiving principal is controlled at around 220000 US dollars. The method of buying in separate positions prevents me from turning all my funds into spot due to a single drop. The last $50000 is kept in cash to replenish margin, handle extreme market conditions, or wait for temporary opportunities. Eat stablecoin interest when not in use. This part of the funds will definitely not be occupied. In three months, when the $200000 US bond matures, I will keep $100000 to continue rolling short-term US bonds, $50000 to increase fund rate arbitrage, and the remaining $50000 to continue as cash reserves. At this point, the structure of the $620000 working capital is as follows: Buy at a low price of 150000 US dollars in dual currency Arbitrage of $200000 capital rate $70000 cash secured put option $100000 short-term US Treasury bonds $100000 in cash and extreme market reserves (taking stablecoin interest) If Bitcoin remains above $75000, I will earn returns on dual currency, options, and funding rates. If it drops to around $75000, receive approximately 2 bitcoins. If it continues to fall to around $65000, at most one more coin can be added. Even in this situation, we still hold nearly $200000 in short-term US bonds and cash, and fund rate arbitrage also maintains spot and short position hedging. This configuration has an annualized target of 12% to 15% for a working capital of $620000, corresponding to a gross profit of approximately $74400 to $93000 per year. Based on the current 1% Swiss franc loan interest rate, the nominal interest for one year is approximately $6200 equivalent, and the increase in the cash value of the policy is temporarily not included in the income. (Interest rate hedging will not be calculated for now, as I only pay interest and not principal.) Overall, based on the initial $1 million, 38% will be used for down payments on large life insurance, 20% for three-month US bonds, 15% for dual currency, 15% for fund rate arbitrage, 7% for options, and 5% for holding cash. OKX Million Planner