+71.5% in 14 days on $ONE. Funding only.
Long Variational | Short Binance
Variational funding went extreme, at times below −20,000% APR. Longs there got paid heavily, while the Binance short cost far less.
Surprisingly the prices stayed tight. Other DEXes and CEXes showed large price spreads on $ONE, but Variational and Binance never drifted more than 6% apart. The hedge held, and funding did the work.
The spread flattened from Sep 25 as the rates converged. A small funding spread is still open right now.
Top 10 live spreads are free → spreadlabs.io
SpreadLabs | Community & Alerts
Long Variational | Short Binance
Variational funding went extreme, at times below −20,000% APR. Longs there got paid heavily, while the Binance short cost far less.
Surprisingly the prices stayed tight. Other DEXes and CEXes showed large price spreads on $ONE, but Variational and Binance never drifted more than 6% apart. The hedge held, and funding did the work.
The spread flattened from Sep 25 as the rates converged. A small funding spread is still open right now.
Top 10 live spreads are free → spreadlabs.io
SpreadLabs | Community & Alerts
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