Perp funding, volatility regime, arbitrage and research — one read of the whole market on first paint.
Net APR captured by shorting the rich venue and going long the cheap one · min OI $50k per leg
Widest: T +4405.05% · short ByBit / long Variational · binding OI $50.38K
$126.84B across 39 venues
Longs are paying — short the perp and collect.
BMYSTOCK +2093.97% on MEXC
Shorts are paying — you get paid to be long.
T -7402.44% on Variational
| Symbol | OI | Volume 24h | ATM IV |
|---|---|---|---|
| BTC | $37.9B▲+1.2% | $2.7B▲+1.8% | +25.8%▲+0.70 pts |
| ETH | $6.6B▼-1.8% | $757.5M▼-13.2% | +45.5%▲+3.14 pts |
| HYPE | $356.1M▲+0.3% | $5.9M▼-39.5% | +51.6%▼-5.95 pts |
| SOL | $121.6M▲+2.6% | $13.2M▲+23.3% | +52.5%▲+3.00 pts |
| XRP | $75.6M▼-0.2% | $4.2M▲+167.0% | +51.5%▲+11.88 pts |
| TRX | $19.8M▼-0.1% | $36.2K▲+0.0% | +20.7%▲+1.39 pts |
Change vs the prior snapshot · ATM IV is OI-weighted across venues