JUP funding comparison: questions and answers
Where is JUP funding the highest right now?
Bybit: -9.8%, Binance: -20.3%, Lighter: -33.3%, Hyperliquid: -47.0% APR. A positive rate means longs pay shorts.
How can you earn the JUP funding spread?
Short JUP on Bybit and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 37.1% 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 JUP funding averaged on Hyperliquid and Lighter?
Hyperliquid: -9.8% over 24 hours and -3.1% over 7 days. Lighter: -9.3% over 24 hours and -11.8% over 7 days (APR).