Dossier
delta-neutral carry trade
Coverage of delta-neutral carry trade in the Nexus archive.
- 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.