Now live: List your exchange on @LorisTools Get your exchange's perp markets added across standalone Loris Tools Exchange pages, Funding comparisons, Open Interest, Volume, and aggregate Market views. Applications are subject to data, API, market quality, and reputational standards. Get listed here: loris.tools/exchange-listing

HIP-4 markets have reached $350M in trading volume.

if you haven't started farming Variational even harder right now, I don't know what you're doing in perp DEXes top delta-neutral setups for max points: > Var + QFEX: new accounts trading Sept 28 - Oct 4 have a 20% chance to cover 100% of negative PNL on QFEX + S0 points on QFEX > Var + Ondo: you cover part of the fees through weekly Ondo rewards also recommend checking funding rates on @LorisTools to pick the optimal pairs points hitting $30+ on OTC soon $1B FDV is literally the bear case now gVar

How did I find the opportunity? Mostly FAFO. Watching markets, testing things, and looking at behavior that didn’t make sense. @LorisTools also helped a lot with discovering and monitoring the opportunity.

As crypto markets wake up, there are lots of juicy funding trades available on @PhoenixTrade. Check out our docs or DM me directly to get started! docs.phoenix.trade/

Gold has more open interest than BTC on @TxFlow_L1. XAU + XAUT: $7.9M OI BTC: $5.6M OI XAU alone is TxFlow’s #2 market by OI, within $200K of BTC. loris.tools/markets/exchange…

HYPE is already the #3 options market on @DeriveXYZ by open interest, behind only BTC and ETH. Derive currently has 7x more HYPE options OI than Deribit. Derive: $257.3M OI Deribit: $37.7M OI loris.tools/options/hype/der…

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Who's ready to rip some @LorisTools darts at Token? Thank you to @0x_ultra for putting this together!

The @entropyIO HIP-3 has surpassed $1B in total trading volume.

.@Outcomexyz has cleared $20M of HIP-4 volume in under 15 days. Since Aug 29: • $21.59M traded • 2.3K unique traders • 526.9K protocol trades Outcome reached the milestone on @HyperliquidX's HIP-4 outcome trading (prediction markets). loris.tools/hip4/outcomexyz

$3b+ in cumulative volume on txflow @TxFlow_L1 and rewards aren't even live yet. txflow is building an L1 specifically around trading - perps, spot and prediction markets sharing the same liquidity layer instead of fragmenting across separate venues. best way to farm txflow: - go to loris.tool @LorisTools - filter for variational + txflow only - take the best funding-arb spreads - open the trades and chill - collect funding, repeat every 2-3 days no points program live yet. just real volume, an active product the best time to farm is usually before farming becomes the narrative. once rewards go live, everyone shows up - by then you're competing for the same allocation. quiet now is the whole point. ref: app.txflow.com/r/TXGIVENO

Best Tools to Track Funding Arbitrage Save this list and use it whenever useful 1) @LorisTools - a standalone terminal with a huge amount of data. It has many tools, including Funding Arbitrage 2) @perpdexlist - a funding arbitrage parser across perp DEXs and CEXs 3) @fundingviewapp - an aggregator with real-time arbitrage data, backtests, and spot-perps arbitrage 4) @ArbitrageScan - an arbitrage tool focused mainly on CEX trades 5) @coinglass_com - an aggregator with all kinds of DEX data. It also supports Perps vs Spot arbitrage These tools have a lot of extra features that you can use in your trading Explore each tool to maximize your chances of finding an edge Tool websites are in the replies

Deribit currently holds 84.3% of tracked BTC options open interest. • OKX: 6.4% • Binance: 4.0% • Bybit: 3.5% • Derive: 1.8% Loris’ Sep 7 snapshot: $40.44B total OI across 5 venues. loris.tools/options/btc

BREAKING: Outcome has flipped Hyperliquid. Currently at 71.8% of HIP-4 market share. HIGHER.

Could be a major short squeeze... some great insights from @LorisTools and a funding arb opportunity during this price action

At the start of the day, the first HIP-4 by @outcomeXYZ has already surpassed the trading volume of the markets launched by Hyperliquid, with $130.9K vs. $125.11K.

RWA perps just experienced their largest week-over-week decline in Open Interest ever global RWA perp OI is down $14.2B to $10.9B (-23%) since ATH on Aug 17 we can all stop pretending now fugazi assets are back on the menu boys source: loris.tools/rwa?range=all

AI tools turn financial markets into the most addictive video game on earth. In just a few hours, I spun up a VPS in Tokyo, connected it to Hyperliquid's WebSocket feed, and built a 24/7 market-neutral bot trading deviations between SNDK markets. The bot oscillates between two configurations: a conservative approach attempting to break even (around $15k hourly volume at -0.21bps) and a more aggressive one focused on volume (around $100k hourly volume at -0.74bps). These bots will likely never become profitable, but this loss represents the "realised" cost of potential points. In markets you get paid to take on risk and uncertainty, and with a cost of around $21-74 per $1M of volume, it's a risk I will gladly accept when you consider how much early HL, Lighter, and other perp DEX farmers got for taking on similar risks. If anything, the "risk" of missing out on a genuine HIP-3 competitor with an attractive points program is much greater than the risk of burning a few thousand on a protocol that never airdrops. I have already extended the strategy to Lighter and will continue to add other perp DEXs to arb against IO pairs. Also working on a funding rate trade on Anthropic against other pre-IPO products (shoutout @LorisTools). First milestone is to quickly scale to $10M volume. This will also give anyone that uses my ref link 3x higher rewards: entropy.io/?r=perpetuals (make sure to apply the code for it to work). If you are doing size, also happy to share my cut of rewards back to you since I am only interested in points (which we both hopefully get regardless). If anyone is interested, I can also drop a weekly update on the different strats / returns as I continue to build this out!

Gud stuff @0xLoris cc: @LorisTools