Trend · Nov 9, 2026 01:01 UTC

cross-exchange spreads is overpricing weekend ri — dEX volume quietly dominates carry strat

Mapping cross-exchange spreads against order-book depth is a simple way to stress-test a thesis.

That debate sits next to today’s market focus around “Aave Buys Avon Team to Bring More Fixed.”

Ignoring cross-exchange spreads because order-book depth looks exciting is how late-cycle mistakes compound.

Better questions beat louder opinions when regimes shift.

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