UNI funding comparison: questions and answers
Where is UNI funding the highest right now?
Hyperliquid: 10.9%, Binance: -3.1%, Lighter: -4.4%, Bybit: -6.9% APR. A positive rate means longs pay shorts.
How can you earn the UNI funding spread?
Short UNI on Hyperliquid and go long the same size on Bybit: the price risk is hedged, and the difference of 17.9% 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 UNI funding averaged on Hyperliquid and Lighter?
Hyperliquid: 10.8% over 24 hours and 10.3% over 7 days. Lighter: -8.1% over 24 hours and 2.3% over 7 days (APR).