Tokenized stock perpetuals on centralized exchanges remain a relatively niche area. Many people are unaware that these products also have a funding rate mechanism—just by exploiting basic basis arbitrage, one can uncover numerous opportunities. Coupled with the significant differences in quote sources across various exchanges, arbitrageurs can capture profit opportunities from price discrepancies. For traditional stock investors, leveraging these products can also achieve portfolio diversification without moving principal. This cross-market, cross-product approach is indeed worth paying more attention to.