$KAITO has topped the gain list again, and the experts have started giving various reasons: some say that a strong whale coin has been crazily pushed up for a good sell-off, while others mention that it has been listed in South Korea, leading to premium purchases...

Among the many messages, an announcement from a certain exchange caught my attention: the settlement frequency of funding fees has been adjusted to once every two hours. Is this not another arbitrage opportunity? On Binance, it's still once every four hours. I decisively redeemed most of the USDC staked on Sei yesterday and transferred it to a certain exchange and Binance (after all, the annualized return has already decreased), then opened a short position on Binance and a long position on the certain exchange. If the funding rate remains at -2%, that would mean an actual position of 8 points a day. I hope the rate stays stable for a while....