CFTC-regulated crypto perpetual futures expand; Kalshi tops $5.5B volume; funding rate arb opportunities; KuCoin updates funding calculation; TON funding trap; BNB funding divergence; Gold flash crash on Hyperliquid; perps farming strategy update; BitMEX Q2 report with 3 funding rate trades; new funding rate heatmap tool; KuCoin max funding rate changes to 0.5%; Binance Futures ends LPP and raises funding cap to ±2%; Paradex Funding V2 improves funding cost predictability
Key Questions
Which platforms received CFTC approval for crypto perps?
KalshiEX, Coinbase, Deribit, and CME gained approval for 24/7 CFTC-regulated crypto perpetual futures. Kraken plans to launch BTC perps within 30 days.
How much volume has Kalshi achieved in perps?
Kalshi topped $5.5B in perpetual volume within two weeks of launch. The platform is now exploring gold, FX, and energy perps beyond prediction markets.
What funding rate arbitrage opportunities exist?
SOL shows a 16.6 bps spread across 34 venues while TON presents a funding trap at 0.35%. A concrete example shows one trader earning $2.67M from a Bitcoin short.
What changes did KuCoin and Binance implement?
KuCoin updated its funding calculation and lowered the max funding rate to 0.5% on several pairs. Binance Futures will end the Last Price Protected period and raise the funding cap to ±2%.
What happened with gold on Hyperliquid?
Hyperliquid recorded a gold flash crash with open interest reaching $10B. The event highlighted extreme volatility in non-crypto perps.
What did the BitMEX Q2 report identify?
The report identified three structural drivers behind funding rate gaps that traders have repeatedly exploited. A new funding rate heatmap tool from Vecktor provides actionable contrarian thresholds.
How does Paradex Funding V2 improve trading?
Paradex shifted from 8-hour resets to per-second recalculation using a multi-venue median. This change enhances funding cost predictability for long-tail pairs.
What perps farming strategy is highlighted?
The strategy uses bendbasis.com with examples such as ATOM delivering 14% APR at 2x leverage. Bybit arbitrage guides also cover funding rate and spot market-neutral yield plays.
CFTC 24/7 crypto perps for US traders approved: KalshiEX, Coinbase, Deribit, CME. Kraken plans BTC perps within 30 days. Kalshi tops $5.5B perp volume in two weeks. Hyperliquid OI hits $10B. New SOL funding rate data shows 16.6 bps spread across 34 venues. TON funding trap at 0.35% with weak technicals. GRAM price setup. KuCoin funding calculation update (July 13) and max funding rate changes to 0.5% on several perps (widens arb spread). BNB funding divergence. Gold flash crash on Hyperliquid. Perps farming strategy with bendbasis.com (ATOM example, 14% APR 2x leverage). Concrete funding rate arb example: $2.67M from Bitcoin short. Kalshi eyes gold, FX, energy perps. BitMEX Q2 report: 3 structural funding rate trades identified. New funding rate heatmap tool (Vecktor) provides actionable thresholds for contrarian setups. Binance Futures will end Last Price Protected period on [contract] and raise funding cap to ±2% — impacts funding rate arb strategies. Paradex Funding V2 shifts from 8-hour resets to per-second recalculation using multi-venue median, improving funding cost predictability for long-tail pairs — a key edge for short-term traders. New resource: Bybit arbitrage guide for funding rate & spot strategies — practical for market-neutral yield plays.