AAVE funding comparison: questions and answers
Where is AAVE funding the highest right now?
Hyperliquid: 8.2%, Lighter: 7.0%, Binance: 5.6%, Bybit: 0.0% APR. A positive rate means longs pay shorts.
How can you earn the AAVE funding spread?
Short AAVE on Hyperliquid and go long the same size on Bybit: the price risk is hedged, and the difference of 8.2% a year is collected while it lasts. Fees, the price gap between exchanges and a change of the rates eat into the profit, and each side can be liquidated.
What has AAVE funding averaged on Hyperliquid and Lighter?
Hyperliquid: 3.1% over 24 hours and 7.4% over 7 days. Lighter: 8.3% over 24 hours and 9.6% over 7 days (APR).