TIA funding comparison: questions and answers
Where is TIA funding the highest right now?
Hyperliquid: 10.9%, Lighter: 10.5%, Binance: 2.7%, Bybit: 2.3% APR. A positive rate means longs pay shorts.
How can you earn the TIA funding spread?
Short TIA on Hyperliquid and go long the same size on Bybit: the price risk is hedged, and the difference of 8.6% 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 TIA funding averaged on Hyperliquid and Lighter?
Hyperliquid: -5.8% over 24 hours and 7.7% over 7 days. Lighter: 4.2% over 24 hours and 9.5% over 7 days (APR).