MM Flow

Owned data · cross-coin funding regime

Funding regime extremes

Which coins are in statistically unusual funding regimes right now, and where are venues most divergent? Computed against the last ~7 days of our cross-venue funding archive (no other site publishes this slice — we own it).

Coins with z-score

≥ 10 archive samples

Currently extreme

|z| ≥ 2σ on HL

Archive age

oldest snapshot

Cron cadence

30m

snapshot-funding

Funding-z distribution · per venue

Shape of the tape right now — every coin's funding z-score on each venue, bucketed. Companion view to the leaderboards below: those rank the extremes; this shows whether the whole distribution is centered, skewed, or fat-tailed. Shared x-axis (±4σ) makes venues directly comparable; values past the edge get pinned to the boundary bucket.

Source: /api/funding-rank (same archive as the leaderboards below). Each bar = number of coins whose z-score on that venue falls in that bucket. Dashed line = 0σ (mean of the per-coin trailing window). Shared range ±4σ; outliers accumulate at the edges. Coins with fewer than 10 archive samples on a venue are excluded from that venue's histogram.

Top longs-paying (HL z ≫ 0)

Funding rates statistically extreme on the high side. Long carry is unusual rich here.

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Top shorts-paying (HL z ≪ 0)

Funding statistically extreme on the negative side. Short carry rich; longs being paid.

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Top momentum · last 6h

Coins where HL funding is shifting fastest right now — ranked by absolute change in z-score over 6 hours. Different signal than extremity: a regime accelerating from 0σ → +1.5σ is more actionable than one camped at +2σ.

Computing momentum…

Largest cross-venue divergence

Coins where venue z-scores spread the widest — one exchange extreme while another sits near its norm. The kind of dislocation a basis trade exploits.

Computing divergence…

Source: /api/funding-rank aggregates our cross-venue funding archive (cron /api/cron/snapshot-funding every 30 min, ~7d retention). Z-scores require ≥10 archive samples to be trustworthy. Cross-venue divergence is the spread between the venue with the highest z and the venue with the lowest — when it exceeds ~3σ, look for a basis-trade setup (carry the cheap leg vs the expensive one).

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