NEAR funding comparison: questions and answers
Where is NEAR funding the highest right now?
Lighter: 8.8%, Binance: 2.1%, Bybit: -8.6%, Hyperliquid: -19.5% APR. A positive rate means longs pay shorts.
How can you earn the NEAR funding spread?
Short NEAR on Lighter and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 28.2% 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 NEAR funding averaged on Hyperliquid and Lighter?
Hyperliquid: 6.2% over 24 hours and 8.5% over 7 days. Lighter: 5.2% over 24 hours and 9.9% over 7 days (APR).