EIGEN funding comparison: questions and answers
Where is EIGEN funding the highest right now?
Hyperliquid: 10.9%, Lighter: 10.5%, Bybit: 7.7%, Binance: 3.0% APR. A positive rate means longs pay shorts.
How can you earn the EIGEN funding spread?
Short EIGEN on Hyperliquid and go long the same size on Binance: the price risk is hedged, and the difference of 7.9% 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 EIGEN funding averaged on Hyperliquid and Lighter?
Hyperliquid: 10.9% over 24 hours and 10.9% over 7 days. Lighter: 10.5% over 24 hours and 10.4% over 7 days (APR).