FIL funding comparison: questions and answers
Where is FIL funding the highest right now?
Hyperliquid: 10.9%, Lighter: 10.5%, Binance: -7.5%, Bybit: -16.5% APR. A positive rate means longs pay shorts.
How can you earn the FIL funding spread?
Short FIL on Hyperliquid and go long the same size on Bybit: the price risk is hedged, and the difference of 27.5% 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 FIL funding averaged on Hyperliquid and Lighter?
Hyperliquid: 10.9% over 24 hours and 11.1% over 7 days. Lighter: 10.5% over 24 hours and 10.0% over 7 days (APR).