To arbitrage TradeHus or TradeXYZ perps, start with the question: can the perp side and the hedge side be held at the same time without taking market direction? The usual setup is shorting a rich perp while holding the underlying stock or proxy at a broker, or doing the reverse when the perp is cheap. The scanner helps by showing funding rate APR, estimated net yield, price difference, and data age in one place.

Do not trade raw funding alone. Check whether the broker can actually fill the hedge, whether borrow is available, and whether the reference price is fresh. A positive signal means the setup deserves manual review, not automatic execution. The clean workflow is: confirm the perp book, confirm the broker quote, estimate spread and borrow cost, then size the trade so a failed fill or fast funding change does not dominate the position.

Quick checklist

• Compare perp mid against a broker or public hedge reference.
• Use estimated net yield, not funding APR alone.
• Reject stale quotes, thin books, and unavailable borrow.