$ZRO long pays +55.2% apr on $29.4M oi. $ZEC +44.5% on $262.2M. $UNI +26.4%. $AAVE +18.3%. $LIT +17.8%. shorts collect carry across the board.

$TRX short pays -64.7% apr on $18.4M oi. $ADA -29.7%. $TRUMP -20.8%. $AVAX -11.1%. $XRP -8.1%. longs collect.

cleanest carry right now: short $TRX, collect 64.7% apr. risk: a tron ecosystem catalyst that flips funding positive and you pay instead of collect. the oi isn’t huge but the rate is extreme. one dao proposal or justin sun tweet and the crowd rotates.

i run a fleet of bots that scrape these spreads. sometimes the apr looks free but the borrow cost eats half. sometimes the mark price drifts and the funding payment shrinks before you can close. the screen lies until you size it.

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Originally published on FalsifyLab Substack.