SpaceX perpetual futures traded about $6 billion after earnings

SpaceX perpetual futures trading surged around the company’s October 20 earnings release, even as Binance’s outstanding dollar exposure fell, according to market-data provider Talos. Talos’s October 22 report puts SpaceX perpetual turnover across Binance and Hyperliquid at about $6 billion in the post-earnings episode it describes, more than eight times the prior day’s volume. Talos also reported that Binance open interest fell about 8% after earnings. The figures separate trading activity around earnings from exposure left open afterward. Executions can create fee opportunities even while outstanding exposure contracts. SpaceX’s third-quarter results release scheduled its earnings call for 4:30 p.m.

Source: CryptoSlate