When most futures traders are leveraged long, they pay a funding fee to the short side every 8 hours. Holding a coin on spot and shorting the same amount of its perpetual cancels the price move and collects that fee — no price prediction. The CY1b rule steps in when the 7-day average funding rises above 10 % a year and stays in until that average turns negative — so a coin can show “Carry ON” at a lower rate.
19 of 30 coins are in carry now.
| Coin | Rule now | Funding, 7-day avg (a year) | Carry yield at that rate | Last funding (per 8 h) | Last 12 months | Since tracking began |
|---|---|---|---|---|---|---|
| CELO | Carry ONsince 45 d ago | +10.3% | +8.3% | +0.0100% | +0.68% | +0.02% |
| ZEC | Carry ONsince 3 d ago | +9.8% | +7.8% | +0.0054% | -0.75% | -0.09% |
| FET | Carry ONsince 15 d ago | +9.1% | +7.3% | +0.0051% | +0.24% | 0.00% |
| UNI | Carry ONsince 91 d ago | +7.9% | +6.3% | +0.0100% | +1.26% | -0.02% |
| NEAR | Carry ONsince 55 d ago | +7.9% | +6.3% | +0.0022% | +0.36% | -0.02% |
| ICP | Carry ONsince 43 d ago | +7.7% | +6.2% | +0.0100% | +0.56% | -0.02% |
| ALGO | Carry ONsince 44 d ago | +7.1% | +5.7% | +0.0069% | +0.06% | -0.04% |
| DASH | Carry ONsince 95 d ago | +6.8% | +5.4% | +0.0038% | +0.94% | -0.04% |
| FIL | Carry ONsince 44 d ago | +6.1% | +4.9% | +0.0097% | +0.19% | -0.04% |
| LTC | Carry ONsince 44 d ago | +5.8% | +4.7% | -0.0007% | -0.06% | -0.05% |
| DOGE | Carry ONsince 44 d ago | +5.7% | +4.5% | +0.0007% | +0.13% | -0.06% |
| AAVE | Carry ONsince 44 d ago | +5.0% | +4.0% | +0.0067% | +0.45% | -0.06% |
| LINK | Carry ONsince 52 d ago | +5.0% | +4.0% | +0.0007% | +0.23% | -0.07% |
| SUI | Carry ONsince 44 d ago | +4.8% | +3.9% | +0.0087% | +0.11% | -0.06% |
| ADA | Carry ONsince 65 d ago | +4.3% | +3.5% | +0.0080% | -0.31% | -0.08% |
| XRP | Carry ONsince 43 d ago | +4.1% | +3.3% | -0.0009% | +0.02% | -0.07% |
| BNB | Carry ONsince 46 d ago | +3.9% | +3.1% | 0.0000% | -0.02% | -0.08% |
| ETH | Carry ONsince 43 d ago | +3.1% | +2.5% | +0.0005% | +0.30% | -0.09% |
| XLM | Carry ONsince 44 d ago | +1.9% | +1.6% | +0.0030% | +0.26% | -0.10% |
| HBAR | Outsince 360 d ago | +7.9% | — | +0.0100% | -0.32% | 0.00% |
| CRV | Outsince 156 d ago | +7.4% | — | +0.0100% | +0.04% | 0.00% |
| BCH | Outsince 27 d ago | +7.3% | — | +0.0008% | -0.28% | 0.00% |
| AVAX | Outsince 361 d ago | +4.6% | — | -0.0122% | -0.29% | 0.00% |
| SOL | Outsince 37 d ago | +3.1% | — | +0.0022% | -0.26% | 0.00% |
| BTC | Out | +2.0% | — | -0.0012% | 0.00% | 0.00% |
| ARB | Out | -0.4% | — | -0.0023% | 0.00% | 0.00% |
| 1000PEPE | Outsince 4 d ago | -6.4% | — | -0.0031% | +0.09% | -0.34% |
| QNT | Outsince 8 d ago | -104.1% | — | -0.0287% | +0.20% | 0.00% |
| ONE | Outsince 57 d ago | -289.6% | — | -0.0962% | +4.62% | 0.00% |
| NMR | Outsince 10 d ago | -569.8% | — | -0.2040% | +0.70% | 0.00% |
Yields are on the capital of both legs (the short is 80 % of it), after spot and futures fees. Funding changes every 8 hours, so the yield at the current rate is not a forecast. Telegram sends one message when the rule switches a coin on or off.
The rule on the 8 coins it was tested on, booked as if done with paper money: both legs bought and sold an hour after each switch, funding received or paid every settlement, taker fees, and the price gap between spot and futures that the test did not model. It is judged after 6 months against limits fixed before it started.
CY1b-v1 · since 2026-10-07 00:00 UTC · 10,000 USDT paper capital, 8 coins, equal shares · as of 2026-10-08 12:40 UTC
By month: 2026-10 -0.10%
| Coin | Position | Funding | Fees | Price gap, closed | Price gap, open | Result (USDT) | Short margin used |
|---|---|---|---|---|---|---|---|
| SOL | Out | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| XRP | Holdingsince 2026-10-07 00:00 UTC at 1.4971 | -0.14 | -1.70 | 0.00 |
Registered before any data was run, then judged once on 8 coins never used for it (2020 – Aug 2026): +7.9 % a year after costs, positive in 6 of 7 years, worst year −0.2 %. It is the first rule on this site to pass its test.
The catch: the money comes when the market is crowded and euphoric (2021 +29 %, 2024 +9 %). It has faded lately — 2025 +1.4 %, 2026 about 0 % — so most of the time the rule waits. The spot–futures price gap was not modelled; the paper record above measures it.
Information, not advice. Doing it needs both a spot and a futures account and capital on both legs; CMI places no orders. Full results on the strategy page and in the research log.
| -0.07 |
| -1.90 |
| 0% |
| BNB | Holdingsince 2026-10-07 00:00 UTC at 778.860 | 0.00 | -1.70 | 0.00 | +0.03 | -1.67 | 0% |
| DOGE | Holdingsince 2026-10-07 00:00 UTC at 0.09380 | -0.09 | -1.70 | 0.00 | -0.11 | -1.90 | 0% |
| ADA | Holdingsince 2026-10-07 00:00 UTC at 0.26720 | -0.08 | -1.70 | 0.00 | +0.37 | -1.40 | 0% |
| AVAX | Out | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| LINK | Holdingsince 2026-10-07 00:00 UTC at 14.020 | +0.19 | -1.70 | 0.00 | -0.14 | -1.66 | 0% |
| LTC | Holdingsince 2026-10-07 00:00 UTC at 69.050 | +0.17 | -1.70 | 0.00 | -0.14 | -1.67 | 0% |