funding extremes snapshot. may 16 03:00 utc.

longs paying shorts (positive funding, shorts collect carry): $AVAX +11.0% apr (oi $43.0m) $LTC +11.0% apr (oi $17.3m) $ARB +11.0% apr (oi $5.9m) $kPEPE +11.0% apr (oi $21.0m) $CRV +11.0% apr (oi $11.6m)

shorts paying longs (negative funding, longs collect carry): $CHIP -274.8% apr (oi $8.3m) $WLD -91.5% apr (oi $8.2m) $MON -60.7% apr (oi $39.6m) $TRUMP -38.0% apr (oi $6.2m) $SUI -25.3% apr (oi $35.3m)

falsifiable line: the cleanest carry trade is short $MON at -60.7% apr with $39.6m oi. risk: $MON pumps on a memecoin catalyst and funding flips positive, turning the carry into a loss.

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Originally published on FalsifyLab Substack.