XLM funding comparison: questions and answers
Where is XLM funding the highest right now?
Lighter: 10.5%, Bybit: 7.8%, Binance: -6.0%, Hyperliquid: -20.9% APR. A positive rate means longs pay shorts.
How can you earn the XLM funding spread?
Short XLM on Lighter and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 31.4% 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 XLM funding averaged on Hyperliquid and Lighter?
Hyperliquid: 1.4% over 24 hours and 6.6% over 7 days. Lighter: 10.5% over 24 hours and 10.4% over 7 days (APR).