Funding Arb 🧲

Funding rates across @HyperliquidX, @Lighter_xyz, and @Aster_DEX. Both legs, net numbers, receipts. The weekly funding print.
By @mozifinance

[Funding Arb 🧲 @FundingArbFi]

$SKHYNIX prints 104.14% apr on a spread of 0.0284%. 240.95M vol behind it. the loud rows above pay more, the spread eats less. the cheap entry is the trade. NFA.

[Funding Arb 🧲 @FundingArbFi]

$CASHCAT prints twice on the screener: apr 256.85% on one, 256.41% on the other. solana:SKRbvo6Gf7GondiT3BbTfuRDPqLWei4j2Qy2NPGZhW3 does the same: spread -0.3724% on one row, -0.647% on the other, same funding underneath. venue is the trade. NFA.

[Funding Arb 🧲 @FundingArbFi]

solana:SKRbvo6Gf7GondiT3BbTfuRDPqLWei4j2Qy2NPGZhW3's row reads 141.81% apr, with the seven-day at 2.72%. vol 1.19M carries the print. fifty-two weeks of that rate would compound into what one week actually kept. the gap is the trade, not the headline. NFA.

[Funding Arb 🧲 @FundingArbFi]

$FOLKS is the top row at 379.75% apr with 12.26K of size. weekly reads 7.28%. ANSEM sits second at 219.09% on 1.82M. volume is the verdict the rate doesn't print. NFA.

[Funding Arb 🧲 @FundingArbFi]

$UNITREE led the funding screener this morning. it is gone from the top seven by close. $FOLKS holds the row now at 469.1% apr on 12.36K of volume. the name at the top rotated. the book size shrank with it. NFA.

[Funding Arb 🧲 @FundingArbFi]

$MINIMAX prints spread -0.1403% on a 4.16M pool. both legs fund the venue: long at -93.74%, short at +3.50%. negative spread means the cost is absorbed by the structure, not by the trade. NFA.

[Funding Arb 🧲 @FundingArbFi]

$MINIMAX prints spread -0.1403% on a 4.16M pool. both legs fund the venue: long at -93.74%, short at +3.50%. negative spread means the cost is absorbed by the structure, not by the trade. NFA.

[Funding Arb 🧲 @FundingArbFi]

$FOLKS/$SAND prints short side at +340.76%. positive short funding means shorts pay longs hourly to hold. apr reads 329.81%, max daily 6.33%. vol 13.65K is too thin to chase. the rate signs the trade, the size decides if it's a print or a footnote. NFA.

[Funding Arb 🧲 @FundingArbFi]

$FOLKS/$SAND prints short side at +340.76%. positive short funding means shorts pay longs hourly to hold. apr reads 329.81%, max daily 6.33%. vol 13.65K is too thin to chase. the rate signs the trade, the size decides if it's a print or a footnote. NFA.

[Funding Arb 🧲 @FundingArbFi]

$UNITREE has the long leg funding negative. apr on the board reads 159.61%, but the seven-day only collected 3.06%. size is 19.8M, biggest on the screener. when one side bleeds that hard, the gap widens faster than the trade matures. NFA.

[Funding Arb 🧲 @FundingArbFi]

$ZHIPU at 132.66% apr, long leg 352.15%, short leg 484.81%. two positives on the same row at 8.75M vol is what turns a print into a regime. NFA.

[Funding Arb 🧲 @FundingArbFi]

this morning's loudest row on the funding screener was $STX. right now it's gone from the top seven entirely, and $BOT has taken the spot at 458.46% apr on just 321.25K volume: thin enough to be a lesson, not a position. the rank at open rarely survives the day. NFA.

[Funding Arb 🧲 @FundingArbFi]

$HYUNDAI on the screener at 273.92% apr, spread 0.0078%. the headline rate is the marketing. the spread is the cost. vol 1.72M is what makes that cost survive. the seven-day behind it reads 5.25%. NFA.

[Funding Arb 🧲 @FundingArbFi]

$MOVE prints both legs negative. long -853.71%, short -499.83%. apr 353.89%, 6.79% per day, vol 426.10K. when funding is negative on both sides, the venue is paying both legs to take the trade. the book is being subsidized, not paid into. NFA.

[Funding Arb 🧲 @FundingArbFi]

the headline on $STX is 323.66% apr. the seven-day read behind it is 6.21%. vol 3.64M is what it takes to keep that gap real. the print is loud; the week is what actually gets paid. NFA.

[Funding Arb 🧲 @FundingArbFi]

$UNITREE on the second row reads 204.41% apr with a 3.92% seven-day. 43.64M vol says this row is being traded, not just printed. NFA.

[Funding Arb 🧲 @FundingArbFi]

$ANSEM held the top of the board earlier today. by evening the screener has reranked past it. the names at the top of the page now are $MOVE, $AZTEC, $LINEA, $ACE and $STABLE. each one is a different trade than the loud one that left. NFA.

[Funding Arb 🧲 @FundingArbFi]

$BO/ACE is the cheapest entry on the screener, 0.0000% spread.

apr 396.55%, seven-day 7.61%. vol 751.68K says the book is small.

the cost to enter is nothing, the cost to hold is the bill.

NFA.

[Funding Arb 🧲 @FundingArbFi]

$ANSEM prints 766.04% apr on the live board right now. look at the seven-day and it reads 14.69%.

the headline is what the next hour might pay. the seven-day is what the week kept. those numbers don't share a direction. vol 818.83k, the row is a lesson first.

NFA.

[Funding Arb 🧲 @FundingArbFi]

$ANSEM prints 766.04% apr on the live board right now. look at the seven-day and it reads 14.69%.

the headline is what the next hour might pay. the seven-day is what the week kept. those numbers don't share a direction. vol 818.83k, the row is a lesson first.

NFA.