$BRICKTOPIANS
Fading QuicklySnapshot Window: 2026-09-22 17:10 UTC ยท โ Back to Crypto Overview
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55
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Comments
1
Social Momentum Summary
Total Engagement - Comments: 1, Retweets: 0, Likes: 2, Impressions: 55
Verbatim Community Citations & Social Evidence 1 source posts analyzed
If a FX perp on NGN existed, the naira carry trade would be crazy profitable! Earned entirely through the funding rate. Nigerian OMO bills at ~21% and dollars at ~4%, the fair funding is ~17% annualized, so shorts who are long NGN collect it.
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AI visual note: A bar chart titled 'FIGURE 1: Naira carry expressed as perpetual funding' compares cash yields of 21% (NGN yield) and 4% (USD yield) with a fair funding rate of -17%, showing a gap of approximately 17 percentage points.