Funding & Routing.
Delta-neutral funding spreads derived from our own per-venue funding captures. For side-aware execution costs across venues, use the aggregator.
Funding Spread Scanner
Cross-venue funding arbitrage, net of fee/borrow assumptions
LIVE
ASSETROUTESPREAD/8HNET APRLIQ 24HCONF
POPCAT
POPCAT
LONG Variational/SHORT Lighter
90.3 bps986.7%$7KlowLong Variational (-988% ann.) vs short Lighter (1% ann.).
MERL
Merlin Chain
LONG Hyperliquid/SHORT Variational
62.0 bps676.4%$9KlowLong Hyperliquid (11% ann.) vs short Variational (689% ann.).
BIO
Bio Protocol
LONG Variational/SHORT Lighter
61.0 bps665.7%$2KlowLong Variational (-657% ann.) vs short Lighter (11% ann.).
ZETA
ZetaChain
LONG Variational/SHORT Hyperliquid
56.1 bps611.9%$2KlowLong Variational (-603% ann.) vs short Hyperliquid (11% ann.).
OP
Optimism
LONG Variational/SHORT Extended
49.9 bps544.2%$45KlowLong Variational (-535% ann.) vs short Extended (11% ann.).
DRAM
Roundhill Memory ETF
LONG Variational/SHORT tradeXYZ
47.5 bps517.7%$5.3MhighLong Variational (-489% ann.) vs short tradeXYZ (31% ann.).