{"success":true,"engine":"Black Belt Labs","metric_id":"M10026","name":"Carry Exodus Pressure","category":"macro","classification":"classic","update_frequency":"daily","inputs":["Exchange market data","Traditional-markets and macro data"],"inputs_are":"types of input","lookback_windows":["30 DAY"],"lookback_basis":"windows found in the implementation (INTERVAL clauses)","formula":"3-month US T-bill yield minus annualized 30-day average BTC perp funding, in percentage points. When the risk-free real dollar out-yields the crypto-native dollar, the structural reason to keep capital inside the stablecoin system erodes - measures when the yield engine of H10022 loses fuel.","formula_published":true,"definition_version":"1.0","definition_history":[{"version":"1.0","effective_from":"2026-09-09T17:46:42Z","change_note":"initial recorded definition"}],"methods":["progr"],"disclaimer":"Madjik metrics are informational market indicators computed by Black Belt Labs. They are not investment advice, an offer, or a recommendation to buy or sell any asset."}