APT funding comparison: questions and answers
Where is APT funding the highest right now?
Bybit: 4.6%, Hyperliquid: 1.1%, Binance: -6.2%, Lighter: -22.8% APR. A positive rate means longs pay shorts.
How can you earn the APT funding spread?
Short APT on Bybit and go long the same size on Lighter: the price risk is hedged, and the difference of 27.3% 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 APT funding averaged on Hyperliquid and Lighter?
Hyperliquid: 4.3% over 24 hours and 9.5% over 7 days. Lighter: -0.0% over 24 hours and 3.1% over 7 days (APR).