BCH funding comparison: questions and answers
Where is BCH funding the highest right now?
Lighter: 10.5%, Hyperliquid: 0.5%, Bybit: -4.6%, Binance: -6.3% APR. A positive rate means longs pay shorts.
How can you earn the BCH funding spread?
Short BCH on Lighter and go long the same size on Binance: the price risk is hedged, and the difference of 16.8% 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 BCH funding averaged on Hyperliquid and Lighter?
Hyperliquid: 0.4% over 24 hours and 6.7% over 7 days. Lighter: 10.5% over 24 hours and 10.5% over 7 days (APR).