@misc{liu2026FramingNetCarry,
  author    = {Liu, Hang},
  title     = {Framing Net Carry for Cross-Venue Perpetual Funding Positions: A Settled-History, Depth-Walked, and Liquidation-Aware Method},
  year      = {2026},
  month     = nov,
  publisher = {Zenodo},
  doi       = {10.5281/zenodo.23897013},
  url       = {https://doi.org/10.5281/zenodo.23897013},
  note      = {Methodological preprint; not peer reviewed}
}