Cost to Hold

Every issue since the first, with the tape it was built from.

Each issue links its raw snapshot. Nothing is pruned, including the days we skipped and the reason why.

August 2026

17 Aug Prediction markets found the vital few. Now they are becoming the house. ETH 9.63% APR on HL · 2.87% on OKX · 4 of 4 venues 0005 14 Aug You are not liquidated at the price on your chart ETH 10.91% APR on HL · 10.57% on OKX · 4 of 4 venues 0004 13 Aug You cannot know tomorrow's price. You can know today's funding. ETH 10.95% APR on HL · 6.65% on OKX · 4 of 4 venues 0003 12 Aug A tenth of a point on CPI took six points off the cost of holding bitcoin ETH 10.95% APR on HL · 4.20% on OKX · 4 of 4 venues 0002 11 Aug A flat week in price is not a flat week in cost ETH 7.23% APR on HL · 3.44% on OKX · 4 of 4 venues 0001

5 issues · 0 snapshots pruned

The archive is the point

Venues serve your history through a window and then delete it. These snapshots were written down as it happened, which is the only kind of record that survives. After six months this is a continuous cross-venue funding and basis series that cannot be rebuilt from the venues themselves.