funding extremes as of 2026-05-23 03:00 utc.

top 5 paying longs (shorts collect carry): $XMR +184.5% apr (oi $45.5m) $AVAX +11.0% apr (oi $40.9m) $LTC +11.0% apr (oi $12.3m) $ARB +11.0% apr (oi $5.2m) $DOGE +11.0% apr (oi $38.0m)

top 5 paying shorts (longs collect carry): $XPL -67.1% apr (oi $14.7m) $UNI -49.1% apr (oi $7.7m) $SUI -39.8% apr (oi $28.2m) $TRUMP -36.0% apr (oi $6.2m) $kPEPE -35.8% apr (oi $16.1m)

cleanest carry trade: short $XMR at 184.5% apr. risk: the funding spikes higher as longs get squeezed and you get liquidated before the next funding settlement.

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— research and educational content. not investment, legal, or tax advice. do your own research. positions and views may change without notice.

Originally published on FalsifyLab Substack.