FTX CASH and CARRY FAQ
Here’s a collection of questions asked over and over again on FTX Telegram channel and on Twitter – I’ll keep this updated.
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Q. Can I sumultaneously use FTT for collateral and also stafe FTT?
A. You can’t. Staked tokens cannot be used as collateral.
Q. If I buy 1 BTC and sell 1 BTC perpetual how much margin, if any, is required for that position?
A. This is approximate, but let’s say you buy 1 btc (spot) and short 1 BTC (perp) at 60K – In that case your collateral value in USD would be 0.975 * 60k = 58,500. Your position size to short would be 60K. Therefore your account would be about 1.025x leveraged. There are also funding payments to consider which will be added or deducted from your USD balance. You can read more about it here: https://help.ftx.com/hc/en-us/articles/360027946371-Margin-Collateral
Q. I can’t disable Spot Margin with outstanding borrows. Do I need to close enough positions to get USD back above zero?
A. Yes, your balance has to be above zero AND you have to close all open positions, otherwise you will get this message:
FTX cash and carry 
It seems that these funding rates change every hour. Is there a way to automate this process ? Otherwise, if a funding rate turns from positive to negative, the position will start to lose ? Am I wrong ?
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