Positioning
Where traders are leaning on perpetual futures: funding, who pays whom, how the rate differs between venues, how much is open and where a venue is off the pooled price. Stock perps included.
Computed from our own venue data · updated 17 h ago
Open interest tracked$32.49B110 instruments, all venues
Stock-perp open interest$4.10B99 stocks
Widest funding spread853.4 ptsHG: binance vs kraken
Venues off the pool25flagged listings
Stock perps: where funding says the crowd is leaning
On a perpetual, the side that is crowded pays the other. A high positive rate means longs are paying up to hold stock exposure; a negative rate means shorts are. Open-interest-weighted across venues, annualised, for stock perps with at least $5M open interest on two or more venues.
Longs paying most
| Stock perp | Funding (ann.) | Open interest | Venues |
|---|---|---|---|
| ADBE Adobe | +66.2% | $6.9M | 3 |
| GLW Corning | +53.3% | $9.6M | 4 |
| SNDK Sandisk | +43.0% | $416.9M | 6 |
| BMNR BitMine Immersion Technologies | +41.2% | $22.1M | 5 |
| MSTR Strategy | +35.9% | $163.3M | 6 |
| LITE Lumentum | +35.7% | $24.6M | 5 |
Shorts paying most
| Stock perp | Funding (ann.) | Open interest | Venues |
|---|---|---|---|
| AAPL Apple | −17.0% | $97.8M | 6 |
| ARM Arm Holdings | −14.6% | $16.0M | 4 |
| MRNA Moderna | −3.9% | $6.1M | 5 |
Funding & open interest by instrument
| Long where / short where | ||||||||
|---|---|---|---|---|---|---|---|---|
| BTC Bitcoin | +11.1% | +10.9% | 12.0 pts | dydx +7.9% / kraken +19.9% | $14.78B | −0.3% | +1.4% | 7 |
| ETH Ethereum | +6.4% | +10.1% | 17.9 pts | binance +5.1% / dydx +23.0% | $10.36B | −1.7% | −6.4% | 7 |
| XAU Gold | +2.4% | +7.2% | 74.6 pts | kraken −21.4% / dydx +53.2% | $1.16B | −2.9% | −6.7% | 7 |
| SPCX SpaceXstock perp | +8.0% | +7.9% | 39.5 pts | binance 0.0% / kraken +39.5% | $645.5M | +0.9% | +10.4% | 6 |
| CL WTI crude oil | −42.8% | −41.9% | 76.7 pts | hyperliquid −74.4% / dydx +2.2% | $519.9M | +12.6% | +54.7% | 6 |
| XAG Silver | +20.8% | +14.4% | 28.5 pts | dydx 0.0% / binance +28.5% | $504.2M | −12.9% | +20.6% | 7 |
| BRENT Brent crude oil | −57.4% | −100.4% | 139.0 pts | kraken −168.7% / aster −29.6% | $474.2M | +9.3% | +6.1% | 6 |
| SKHY SK hynixstock perp | +0.4% | +0.4% | 53.9 pts | binance 0.0% / kraken +53.9% | $447.7M | −7.7% | +24.3% | 6 |
| SNDK Sandiskstock perp | +43.0% | +56.1% | 124.8 pts | hyperliquid +3.4% / kraken +128.2% | $416.9M | +0.3% | +11.1% | 6 |
| MU Micronstock perp | +29.4% | +39.8% | 29.3 pts | binance +25.9% / kraken +55.2% | $343.5M | −5.1% | +10.0% | 6 |
| SPX S&P 500 | −1.5% | +5.2% | 32.9 pts | hyperliquid −2.2% / bitget +30.7% | $340.9M | −3.1% | — | 3 |
| NVDA NVIDIAstock perp | +3.3% | +2.7% | 84.4 pts | kraken −47.6% / lighter +36.8% | $228.1M | −0.7% | −44.2% | 6 |
| CRCL Circlestock perp | +32.8% | +36.0% | 57.9 pts | aster +24.5% / lighter +82.3% | $214.0M | −8.7% | −12.5% | 6 |
| INTC Intelstock perp | +23.4% | +32.8% | 27.9 pts | aster +11.0% / bitget +38.9% | $186.8M | −1.1% | +26.2% | 6 |
| GOOGL Alphabetstock perp | +32.8% | +36.5% | 49.7 pts | binance +24.7% / lighter +74.5% | $181.2M | −0.8% | −33.4% | 6 |
| MSTR Strategystock perp | +35.9% | +29.9% | 45.9 pts | lighter +15.8% / bitget +61.6% | $163.3M | +9.7% | +3.2% | 6 |
| TSLA Teslastock perp | +11.6% | +17.2% | 77.9 pts | kraken −42.9% / lighter +35.0% | $153.2M | +53.2% | +35.9% | 6 |
| QQQ Invesco QQQ (Nasdaq-100 ETF) | +34.9% | +33.8% | 115.7 pts | aster +30.7% / kraken +146.4% | $123.9M | −5.9% | +51.5% | 5 |
| META Metastock perp | +19.9% | +21.8% | 49.0 pts | kraken +7.0% / lighter +56.1% | $112.7M | +1.2% | +8.5% | 6 |
| AAPL Applestock perp | −17.0% | 0.0% | 49.0 pts | hyperliquid −35.3% / kraken +13.8% | $97.8M | +9.3% | +60.1% | 6 |
| NBIS Nebiusstock perp | +20.6% | +41.9% | 160.9 pts | hyperliquid +1.0% / kraken +161.9% | $72.2M | −6.4% | +23.8% | 6 |
| CBRS Cerebrasstock perp | +10.3% | +13.9% | 39.9 pts | hyperliquid +5.5% / bitget +45.3% | $59.8M | −4.9% | −24.5% | 5 |
| MSFT Microsoftstock perp | +7.2% | +19.2% | 33.7 pts | binance +3.9% / lighter +37.7% | $51.1M | −3.1% | −1.9% | 5 |
| AMZN Amazonstock perp | +13.5% | +23.1% | 48.2 pts | aster 0.0% / kraken +48.2% | $50.8M | −2.5% | −15.6% | 6 |
| AMD AMDstock perp | +33.5% | +40.1% | 43.6 pts | hyperliquid +15.1% / lighter +58.7% | $50.4M | +19.0% | +20.3% | 5 |
| NG Natural gas | +67.3% | +23.3% | 128.3 pts | aster 0.0% / bitget +128.3% | $49.3M | −11.0% | −50.8% | 6 |
| SPY SPDR S&P 500 ETF | +42.4% | +41.5% | 227.3 pts | aster +26.5% / kraken +253.8% | $47.6M | +2.0% | +4.8% | 5 |
| ORCL Oraclestock perp | +25.0% | +5.5% | 55.0 pts | aster 0.0% / bitget +55.0% | $43.8M | +2.6% | −7.8% | 5 |
| COIN Coinbasestock perp | +29.9% | +32.1% | 60.3 pts | kraken −1.9% / bitget +58.5% | $40.6M | −7.0% | +5.5% | 6 |
| AVGO Broadcomstock perp | +26.6% | +25.5% | 29.9 pts | aster +4.6% / bitget +34.5% | $39.0M | −4.0% | −21.5% | 4 |
| HOOD Robinhoodstock perp | +34.2% | +27.8% | 62.9 pts | kraken −1.6% / lighter +61.3% | $35.7M | −7.8% | −23.2% | 6 |
| TSM TSMCstock perp | +24.5% | +5.5% | 44.2 pts | aster 0.0% / bitget +44.2% | $35.1M | +0.9% | +40.9% | 5 |
| CRWV CoreWeavestock perp | +32.0% | +36.9% | 45.7 pts | aster 0.0% / bitget +45.7% | $33.3M | −13.7% | −7.0% | 5 |
| BABA Alibabastock perp | +2.2% | +3.5% | 5.5 pts | aster 0.0% / hyperliquid +5.5% | $33.2M | −0.5% | −12.7% | 5 |
| MRVL Marvell Technologystock perp | +12.6% | +17.6% | 23.8 pts | lighter +3.5% / bitget +27.3% | $31.0M | +0.6% | −25.2% | 5 |
| HG Copper | +6.4% | +0.5% | 853.4 pts | binance 0.0% / kraken +853.4% | $27.1M | +1.4% | +9.9% | 6 |
| LITE Lumentumstock perp | +35.7% | +45.7% | 88.9 pts | hyperliquid +5.5% / aster +94.3% | $24.6M | −0.4% | −34.1% | 5 |
| PLTR Palantirstock perp | +2.2% | 0.0% | 4.1 pts | binance 0.0% / hyperliquid +4.1% | $24.5M | −16.0% | −27.4% | 5 |
| BMNR BitMine Immersion Technologiesstock perp | +41.2% | +12.5% | 45.9 pts | aster 0.0% / binance +45.9% | $22.1M | −4.5% | −1.3% | 5 |
| WDC Western Digitalstock perp | +22.9% | +13.9% | 50.7 pts | aster 0.0% / bitget +50.7% | $20.6M | −0.4% | −25.0% | 4 |
| DELL Dell Technologiesstock perp | +13.4% | +10.5% | 30.9 pts | aster 0.0% / bitget +30.9% | $19.0M | +14.2% | −32.0% | 5 |
| RKLB Rocket Labstock perp | +9.7% | +8.2% | 17.0 pts | aster 0.0% / bitget +17.0% | $17.1M | −0.4% | −33.5% | 5 |
| ARM Arm Holdingsstock perp | −14.6% | 0.0% | 63.0 pts | hyperliquid −51.0% / bitget +12.0% | $16.0M | −4.5% | −9.9% | 4 |
| BE Bloom Energystock perp | +17.6% | +3.2% | 26.4 pts | aster 0.0% / binance +26.4% | $14.3M | −0.4% | +30.5% | 4 |
| NFLX Netflixstock perp | +4.5% | +2.7% | 6.4 pts | aster 0.0% / binance +6.4% | $13.5M | −2.2% | −22.1% | 4 |
| QCOM Qualcommstock perp | +11.1% | 0.0% | 50.1 pts | aster 0.0% / hyperliquid +50.1% | $12.9M | −0.1% | −33.9% | 4 |
| COHR Coherentstock perp | +4.8% | +3.6% | 26.1 pts | aster 0.0% / hyperliquid +26.1% | $10.6M | +2.4% | −34.9% | 4 |
| GLW Corningstock perp | +53.3% | +56.9% | 68.1 pts | aster 0.0% / bitget +68.1% | $9.6M | — | — | 4 |
| LLY Eli Lillystock perp | +11.3% | 0.0% | 22.5 pts | aster 0.0% / hyperliquid +22.5% | $8.9M | — | — | 4 |
| GME GameStopstock perp | +2.6% | 0.0% | 3.5 pts | bitget 0.0% / hyperliquid +3.5% | $7.3M | — | — | 4 |
| APP AppLovinstock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $7.3M | — | — | 2 |
| ASML ASMLstock perp | +33.0% | +19.9% | 74.5 pts | bitget 0.0% / lighter +74.5% | $7.3M | — | — | 5 |
| ADBE Adobestock perp | +66.2% | +59.3% | 67.1 pts | aster 0.0% / binance +67.1% | $6.9M | — | — | 3 |
| MRNA Modernastock perp | −3.9% | 0.0% | 12.2 pts | hyperliquid −8.7% / lighter +3.5% | $6.1M | — | — | 5 |
| SMCI Super Micro Computerstock perp | +10.3% | +10.1% | 4.0 pts | hyperliquid +6.6% / binance +10.5% | $4.8M | — | — | 3 |
| AMAT Applied Materialsstock perp | +1.2% | 0.0% | 5.5 pts | bitget 0.0% / hyperliquid +5.5% | $4.5M | — | — | 4 |
| IBM IBMstock perp | +3.4% | +5.5% | 33.3 pts | aster 0.0% / lighter +33.3% | $4.4M | — | — | 5 |
| ASTS AST SpaceMobilestock perp | +33.6% | +8.4% | 43.4 pts | aster 0.0% / binance +43.4% | $4.4M | — | — | 3 |
| SOFI SoFistock perp | +33.5% | +32.4% | 7.1 pts | binance +32.0% / bitget +39.1% | $4.1M | — | — | 3 |
| NKE Nikestock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $3.6M | — | — | 2 |
| CVX Chevronstock perp | +3.6% | −4.4% | 19.7 pts | bitget −14.2% / hyperliquid +5.5% | $3.6M | — | — | 2 |
| NOW ServiceNowstock perp | +19.2% | +14.9% | 32.7 pts | aster 0.0% / hyperliquid +32.7% | $3.4M | — | — | 5 |
| BRK.B Berkshire Hathawaystock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $3.0M | — | — | 3 |
| MCD McDonald'sstock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $2.9M | — | — | 2 |
| VST Vistrastock perp | +2.9% | 0.0% | 6.6 pts | binance 0.0% / hyperliquid +6.6% | $2.9M | — | — | 3 |
| PYPL PayPalstock perp | +87.8% | +50.1% | 79.0 pts | bitget +10.6% / binance +89.6% | $2.8M | — | — | 2 |
| CRWD CrowdStrikestock perp | +10.7% | 0.0% | 28.2 pts | aster 0.0% / hyperliquid +28.2% | $2.8M | — | — | 4 |
| HIMS Hims & Hers Healthstock perp | −52.5% | 0.0% | 78.2 pts | hyperliquid −78.2% / binance 0.0% | $2.7M | — | — | 3 |
| LRCX Lam Researchstock perp | +77.0% | +79.4% | 112.5 pts | hyperliquid +6.6% / hyperliquid +119.0% | $2.5M | — | — | 3 |
| CRDO Credo Technologystock perp | −8.2% | 0.0% | 34.5 pts | hyperliquid −34.5% / binance 0.0% | $2.5M | — | — | 4 |
| IONQ IonQstock perp | +32.7% | +22.4% | 39.9 pts | bitget +12.6% / binance +52.5% | $2.4M | — | — | 3 |
| NVO Novo Nordiskstock perp | +53.5% | +26.8% | 53.5 pts | aster 0.0% / binance +53.5% | $2.3M | — | — | 2 |
| WMT Walmartstock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $2.0M | — | — | 3 |
| UBER Uberstock perp | 0.0% | 0.0% | 0.0 pts | aster 0.0% / bitget 0.0% | $1.9M | — | — | 3 |
| JPM JPMorgan Chasestock perp | +50.2% | +7.0% | 66.8 pts | aster 0.0% / binance +66.8% | $1.8M | — | — | 3 |
| VRT Vertivstock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $1.7M | — | — | 2 |
| OKLO Oklostock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $1.6M | — | — | 2 |
| COST Costcostock perp | −10.4% | 0.0% | 34.5 pts | hyperliquid −34.5% / bitget 0.0% | $1.6M | — | — | 4 |
| CRM Salesforcestock perp | 0.0% | 0.0% | 0.0 pts | aster 0.0% / bitget 0.0% | $1.6M | — | — | 3 |
| GS Goldman Sachsstock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $1.3M | — | — | 2 |
| ALAB Astera Labsstock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $1.2M | — | — | 2 |
| KO Coca-Colastock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $1.2M | — | — | 2 |
| GEV GE Vernovastock perp | +13.7% | +1.8% | 59.5 pts | bitget 0.0% / hyperliquid +59.5% | $1.0M | — | — | 4 |
| RDDT Redditstock perp | −66.4% | −68.9% | 102.1 pts | hyperliquid −102.1% / bitget 0.0% | $996.5K | — | — | 3 |
| SHOP Shopifystock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $968.0K | — | — | 2 |
| BAC Bank of Americastock perp | 0.0% | 0.0% | — | — | $890.9K | — | — | 1 |
| CAT Caterpillarstock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $845.0K | — | — | 2 |
| DIS Disneystock perp | 0.0% | 0.0% | 0.0 pts | aster 0.0% / binance 0.0% | $839.3K | — | — | 2 |
| V Visastock perp | +7.0% | 0.0% | 7.9 pts | aster 0.0% / binance +7.9% | $836.8K | — | — | 3 |
| KLAC KLAstock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $789.9K | — | — | 2 |
| SNOW Snowflakestock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $712.1K | — | — | 2 |
| CSCO Ciscostock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / aster 0.0% | $707.9K | — | — | 3 |
| MARA MARA Holdingsstock perp | +30.0% | +29.3% | 33.1 pts | binance +12.8% / bitget +45.9% | $662.5K | — | — | 2 |
| PANW Palo Alto Networksstock perp | +2.8% | +5.6% | 11.2 pts | binance 0.0% / bitget +11.2% | $623.4K | — | — | 2 |
| MRK Merckstock perp | +32.5% | +19.3% | 38.7 pts | binance 0.0% / bitget +38.7% | $599.7K | — | — | 2 |
| UNH UnitedHealth Groupstock perp | −2.5% | −4.5% | 9.1 pts | binance −9.1% / bitget 0.0% | $539.3K | — | — | 2 |
| STX Seagate Technologystock perp | +1.9% | +3.3% | 6.6 pts | bitget 0.0% / hyperliquid +6.6% | $513.1K | — | — | 2 |
| DDOG Datadogstock perp | +13.6% | +10.2% | 20.5 pts | binance 0.0% / bitget +20.5% | $469.3K | — | — | 2 |
| PEP PepsiCostock perp | 0.0% | 0.0% | — | — | $408.7K | — | — | 1 |
| HD Home Depotstock perp | 0.0% | 0.0% | 0.0 pts | aster 0.0% / bitget 0.0% | $391.6K | — | — | 3 |
| TXN Texas Instrumentsstock perp | 0.0% | 0.0% | 0.0 pts | bitget 0.0% / binance 0.0% | $389.1K | — | — | 2 |
| GE GE Aerospacestock perp | 0.0% | 0.0% | — | — | $380.3K | — | — | 1 |
| XOM ExxonMobilstock perp | 0.0% | 0.0% | 0.0 pts | bitget 0.0% / binance 0.0% | $253.7K | — | — | 2 |
| ANET Arista Networksstock perp | 0.0% | 0.0% | 0.0 pts | bitget 0.0% / binance 0.0% | $141.7K | — | — | 2 |
| MELI MercadoLibrestock perp | +3.9% | +3.3% | 6.6 pts | bitget 0.0% / hyperliquid +6.6% | $97.8K | — | — | 2 |
| SNPS Synopsysstock perp | 0.0% | 0.0% | 0.0 pts | binance 0.0% / bitget 0.0% | $86.7K | — | — | 2 |
| ISRG Intuitive Surgicalstock perp | 0.0% | 0.0% | — | — | $54.1K | — | — | 1 |
| ADI Analog Devicesstock perp | 0.0% | 0.0% | — | — | $53.2K | — | — | 1 |
| GILD Gilead Sciencesstock perp | 0.0% | 0.0% | — | — | $15.2K | — | — | 1 |
| AMGN Amgenstock perp | 0.0% | 0.0% | — | — | $13.6K | — | — | 1 |
Annualised funding in percent from perpetual futures venues. Positive: longs pay shorts. “Venue spread” is the gap between the highest and lowest annualised funding across the venues we pool, in percentage points; the last column names the venue with the lowest rate (cheapest to be long) and the one with the highest (paid to be short). Holding both legs would earn roughly that gap before trading fees, borrow, margin and execution cost, and the rates change every hour. Open interest and its change are summed over venues; a change is shown only when the venues behind it cover at least half of the open interest and the market has at least $10M open.
Funding arbitrage: widest venue spreads
| Instrument | Spread | Long / short |
|---|---|---|
| HG | 853.4 pts | binance 0.0% / kraken +853.4% |
| SPY | 227.3 pts | aster +26.5% / kraken +253.8% |
| NBIS | 160.9 pts | hyperliquid +1.0% / kraken +161.9% |
| BRENT | 139.0 pts | kraken −168.7% / aster −29.6% |
| NG | 128.3 pts | aster 0.0% / bitget +128.3% |
| SNDK | 124.8 pts | hyperliquid +3.4% / kraken +128.2% |
| QQQ | 115.7 pts | aster +30.7% / kraken +146.4% |
| LITE | 88.9 pts | hyperliquid +5.5% / aster +94.3% |
Instruments with at least $10M open interest, annualised. Before fees and costs.
Open interest: biggest 24h change
| Instrument | OI 24h | Open interest |
|---|---|---|
| TSLA Tesla | +53.2% | $153.2M |
| AMD AMD | +19.0% | $50.4M |
| PLTR Palantir | −16.0% | $24.5M |
| DELL Dell Technologies | +14.2% | $19.0M |
| CRWV CoreWeave | −13.7% | $33.3M |
| XAG Silver | −12.9% | $504.2M |
| CL WTI crude oil | +12.6% | $519.9M |
| NG Natural gas | −11.0% | $49.3M |
Markets with at least $10M open and a like-for-like comparison covering at least half of it.
Venues priced away from the pool
| Instrument | Venue | Venue price | Pooled venue price | Off by | Status | |
|---|---|---|---|---|---|---|
| QCOM Qualcomm | aster perp | 177.39 | 172.11 | +307 bp | Outside the 2% pool band, excluded from the pooled price · 4 venues | ↗ |
| BMNR BitMine Immersion Technologies | aster perp | 22.17 | 21.69 | +224 bp | Outside the 2% pool band, excluded from the pooled price · 5 venues | ↗ |
| MRNA Moderna | aster perp | 212.60 | 216.80 | −194 bp | In the pool · 5 venues | ↗ |
| COHR Coherent | aster perp | 235.54 | 231.69 | +166 bp | In the pool · 4 venues | ↗ |
| GME GameStop | aster perp | 27.11 | 26.79 | +119 bp | In the pool · 4 venues | ↗ |
| ARM Arm Holdings | aster perp | 230.09 | 227.50 | +114 bp | In the pool · 4 venues | ↗ |
| WDC Western Digital | aster perp | 330.80 | 327.53 | +100 bp | In the pool · 4 venues | ↗ |
| BMNR BitMine Immersion Technologies | lighter perp | 21.90 | 21.69 | +99 bp | In the pool · 5 venues | ↗ |
| DELL Dell Technologies | aster perp | 454.00 | 450.01 | +89 bp | In the pool · 5 venues | ↗ |
| NVO Novo Nordisk | aster perp | 39.32 | 38.98 | +87 bp | In the pool · 2 venues | ↗ |
| TSM TSMC | aster perp | 416.98 | 413.61 | +82 bp | In the pool · 5 venues | ↗ |
| ASML ASML | lighter perp | 1,654.50 | 1,641.77 | +78 bp | In the pool · 5 venues | ↗ |
| ASTS AST SpaceMobile | aster perp | 40.51 | 40.82 | −75 bp | In the pool · 3 venues | ↗ |
| HIMS Hims & Hers Health | aster perp | 27.88 | 28.08 | −69 bp | In the pool · 3 venues | ↗ |
| UBER Uber | aster perp | 70.88 | 70.41 | +67 bp | In the pool · 3 venues | ↗ |
| TSM TSMC | lighter perp | 416.01 | 413.61 | +58 bp | In the pool · 5 venues | ↗ |
| RKLB Rocket Lab | aster perp | 51.27 | 50.97 | +58 bp | In the pool · 5 venues | ↗ |
| AMAT Applied Materials | aster perp | 411.99 | 409.64 | +57 bp | In the pool · 4 venues | ↗ |
| BRK.B Berkshire Hathaway | aster perp | 529.66 | 532.68 | −57 bp | In the pool · 3 venues | ↗ |
| NOW ServiceNow | lighter perp | 142.24 | 141.47 | +54 bp | In the pool · 5 venues | ↗ |
| V Visa | aster perp | 401.03 | 403.06 | −50 bp | In the pool · 3 venues | ↗ |
| NOW ServiceNow | aster perp | 142.16 | 141.47 | +49 bp | In the pool · 5 venues | ↗ |
| IBM IBM | aster perp | 232.98 | 231.91 | +46 bp | In the pool · 5 venues | ↗ |
| XAU Gold | hyperliquid spot | 4,156.00 | 4,173.96 | −43 bp | In the pool · 22 venues | ↗ |
| XAU Gold | lighter spot | 4,156.05 | 4,173.96 | −43 bp | In the pool · 22 venues | ↗ |
Venue prices (perpetual and spot markets on crypto and on-chain venues), compared with our pooled venue price; not official exchange prices. A listing is flagged when its last price is at least 30 basis points (0.30%) from the pooled price. Thin stock-perp markets and stale quotes are the usual cause; a persistent gap on a liquid venue can mean a real mispricing or a contract that tracks something different. For stock perps against the last US cash close, see While the market was closed.
Derived from our own venue snapshots (Hyperliquid, Binance, Bybit, OKX, Bitget, Coinbase, Kraken, Lighter, Aster, dYdX where listed); each instrument row cites its primary venue market page in the API. Aggregates only: no tick data or order books are republished. Funding rates are exchange-reported and annualised by us. This is information, not investment advice.