DOGE funding comparison: questions and answers
Where is DOGE funding the highest right now?
Lighter: 10.5%, Hyperliquid: 5.7%, Bybit: 2.6%, Binance: -0.2% APR. A positive rate means longs pay shorts.
How can you earn the DOGE funding spread?
Short DOGE on Lighter and go long the same size on Binance: the price risk is hedged, and the difference of 10.7% 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 DOGE funding averaged on Hyperliquid and Lighter?
Hyperliquid: 8.6% over 24 hours and 10.4% over 7 days. Lighter: 10.5% over 24 hours and 10.3% over 7 days (APR).