onchain markets.

Funding & Routing.

Delta-neutral funding spreads, side-aware best-route execution and pairs/basis trades — lenses on the discovered market universe.

Funding Spread Scanner

Cross-venue funding arbitrage, net of fee/borrow assumptions

LIVE
ASSETROUTESPREAD/8HNET APRLIQ 24HCONF
OPENAI
OpenAI
LONG Lighter/SHORT Variational
Long Lighter (-998% ann.) vs short Variational (60% ann.).
96.6 bps1055.7%$29Klow
NOT
NOT
LONG Variational/SHORT Hyperliquid
Long Variational (-842% ann.) vs short Hyperliquid (11% ann.).
77.9 bps850.9%$20Klow
MORPHO
MORPHO
LONG Variational/SHORT Lighter
Long Variational (-771% ann.) vs short Lighter (11% ann.).
71.4 bps780.0%$36Klow
NATGAS
NATGAS
LONG Lighter/SHORT Variational
Long Lighter (139% ann.) vs short Variational (918% ann.).
71.1 bps776.8%$1.3Mmedium
W
W
LONG Variational/SHORT Hyperliquid
Long Variational (-692% ann.) vs short Hyperliquid (-25% ann.).
60.9 bps664.8%$1Klow
GOAT
GOAT
LONG Variational/SHORT Extended
Long Variational (-612% ann.) vs short Extended (11% ann.).
57.0 bps621.7%$6Klow

Side-Aware Route Ranking

Best venue for a specific asset, side and size — fees, funding & rewards adjusted

FUNNELDEMO
ASSET SPXSIDE LONGSIZE $50K↳ best: QFEX @ 2.6 bps
VENUESPREADFEEFUNDINGREWARDSSLIPNETLINK
★QFEX
SPX
1.2 bps2.5 bps+1.1 bps-3.0 bps0.8 bps2.6 bpsTRADE
Hyperliquid (xyz)
xyz:SPX
1.8 bps2.0 bps+1.4 bps—1.3 bps6.5 bpsTRADE
Ostium
SPX
2.4 bps3.0 bps+2.0 bps-1.0 bps2.1 bps8.5 bpsTRADE

Pairs / Basis Trades

Relative-value ideas with a long leg, short leg and hedge venue

3 ideasDEMO
L ENA/S PENDLE
high

Long sector leader vs lagging beta; scale in over a few hours.

HEDGE HyperliquidSPREAD +5.2% / 30dCARRY 19.7%LIQ $2.1M
L NVDA/S AVGO
medium

Semi pair on TradFi perps; capture relative momentum, FX-neutral.

HEDGE QFEXSPREAD +3.1% / 14dCARRY 11.0%LIQ $650K
L XAU/S XAG
medium

Mean-reversion on stretched gold/silver ratio via RWA perps.

HEDGE OstiumSPREAD gold/silver ratio 88xCARRY 8.5%LIQ $900K