Some interesting information has emerged regarding funding rates.
Current Bitcoin Funding Rates:
Binance: -0.0069%
OKX: -0.0057%
Bybit: -0.0110%
Weighted Average: 0.0037%
See the spread? When the spread between exchanges is this large, there's potential for excess returns. Cross-exchange arbitrage is possible again.
Open Interest: $399.634 billion (-22.64%). Liquidity: $9 million.
Is anyone researching funding rate strategies? Share your methods!