Hello, My trading strategy involves going long-short equities (mostly ETB) with a holding period of up to several months. Currently, I'm using IB but am trying to shop around to see if there might be a broker (US, must offer Portfolio Margin) with more competitive rates. For example: - 200k in Short Positions on IB, getting paid ~1,67% interest on 200k Short Sale Proceeds - 200k in Long Positions on IB, needing to pay ~5.75% interest on -200k Net Cash I'd like to get a closer spread between 1.67 and 5.75% or even more ideally find a broker that does not separate Short Sale Proceeds out of Net Cash. Does anyone have any recommendations?
Dash Prime, Spread between debit and short stock should be much tighter here, depending on your account specifics. DASH Prime | Execution and Brokerage solutions for Professional Traders
Few Notes I forgot to mention: 1. Synthetic shorts can sometimes help, but for many of the positions I'm looking at, shorting directly is the only or more efficient option. 2. Funding via SPX Box Spreads does work, but the larger gap that I'm looking to address is on the short side.