ONDO funding comparison: questions and answers
Where is ONDO funding the highest right now?
Lighter: 7.9%, Bybit: 1.1%, Binance: -5.0%, Hyperliquid: -25.5% APR. A positive rate means longs pay shorts.
How can you earn the ONDO funding spread?
Short ONDO on Lighter and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 33.4% 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 ONDO funding averaged on Hyperliquid and Lighter?
Hyperliquid: -0.4% over 24 hours and 6.4% over 7 days. Lighter: -2.5% over 24 hours and 6.6% over 7 days (APR).