PUMP funding comparison: questions and answers
Where is PUMP funding the highest right now?
Hyperliquid: 10.9%, Lighter: 10.5%, Binance: 8.3%, Bybit: -10.5% APR. A positive rate means longs pay shorts.
How can you earn the PUMP funding spread?
Short PUMP on Hyperliquid and go long the same size on Bybit: the price risk is hedged, and the difference of 21.5% 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 PUMP funding averaged on Hyperliquid and Lighter?
Hyperliquid: 9.3% over 24 hours and 10.3% over 7 days. Lighter: 10.5% over 24 hours and 10.5% over 7 days (APR).