Mmastodon BusinessCrypto first seen 12 h ago, last 12 h ago, peak #12
Feeloop Flags Extreme ACN/USDT Funding Rate Arbitrage
Original: 📊 Feeloop Market Digest ⚡【Arbitrage】 🔥 Max Funding: ACN/USDT (-1992.7% APR (Short Pay Long)) 💧【LP Terminal】 🟢 Pools: 3.4
DeFi data service Feeloop reported an unusually negative funding rate on the ACN/USDT perpetual pair, at -1992.7% APR, meaning shorts pay longs. Its market digest also highlighted liquidity pools offering very high yields, including a BSC pair showing over 5000% APR, with around 3.4 million dollars in tracked pools. Such extreme funding readings typically point to heavy short positioning and volatile price action on a thinly traded token.
Why now: Traders watch extreme funding rates and unusually high pool yields for arbitrage opportunities and signs of volatility on small-cap tokens.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2068580