Dossier
ETHUSDT
Coverage of ETHUSDT in the Nexus archive.
- tracking Bit1 withdrawal times (USDT) – pretty consistent so far
The author has been using Bit1 for crypto and forex trading, and has tracked their withdrawal times, which have been consistent and relatively fast. The withdrawals were made in USDT to TRC20, with amounts ranging from $100 to $1,000. All transactions went through without rejections or delays.
- Funding rate divergence between exchanges on the same perp i've been obsessing over this for months
The article discusses persistent funding rate discrepancies between exchanges for the same perpetual contracts, such as ETHUSDT on BitMEX and Bybit, which remain unexplained despite similar open interest and mark prices. The author explores potential reasons like regional taker flow, funding formula differences, and execution friction but questions why these gaps persist for days without arbitrage closing them.