According to @ai_9684xtpa, OKX opened SLERF deposits and the SLERF spot price rapidly dropped from 0.23 to 0.07982, aligning with on-chain pricing, while Binance SLERF perpetuals fell to 0.07856 (source: @ai_9684xtpa on X, Oct 18, 2025). According to @ai_9684xtpa, Binance had not moved at the time of the post, and the immediate price convergence indicates the CEX-on-chain basis collapsed and the short-lived arbitrage window effectively closed for momentum traders (source: @ai_9684xtpa on X, Oct 18, 2025).

According to @ai_9684xtpa, XPL on Hyperliquid briefly touched $0.8119 and later traded near $0.7745 while Binance perpetuals quoted $0.6354 (source: @ai_9684xtpa on X, Aug 28, 2025). Based on those reported prices, this implies an estimated 21.9% cross-venue premium that can influence basis, funding dynamics, and liquidation thresholds for XPL traders (calculated from figures reported by @ai_9684xtpa on X, Aug 28, 2025). The same source adds that the main wallet tied to the hedge-sniping event shows combined unrealized profit of $2.553 million across 11 sub-accounts, indicating profitable positioning during the dislocation (source: @ai_9684xtpa on X, Aug 28, 2025).