LIT's funding rate has spiked to unsustainable levels on Pacifica Fi—a classic setup for mean reversion. Going delta-neutral here: long spot through Lighter while shorting on Pacifica Fi. This hedge captures the spread as rates normalize and liquidation pressure builds.

LIT-7,22%
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ProxyCollectorvip
· 3h ago
The funding rate is so outrageous... The arbitrage opportunity is indeed tempting, just worried that insufficient liquidity might cause a stall.
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TokenomicsPolicevip
· 3h ago
Is the funding rate so outrageous? It should have reversed earlier. This hedging approach is quite good.
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HashBardvip
· 3h ago
funding rates doing their thing again... the market's poetry always rhymes, doesn't it? mean reversion arc writes itself every time
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