CL (xyz) funding comparison: questions and answers
Where is CL (xyz) funding the highest right now?
Lighter: -3.5%, Bybit: -7.2%, Binance: -7.3%, Hyperliquid: -16.5% APR. A positive rate means longs pay shorts.
How can you earn the CL (xyz) funding spread?
Short CL (xyz) on Lighter and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 13.0% 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 CL (xyz) funding averaged on Hyperliquid and Lighter?
Hyperliquid: -0.9% over 24 hours and -15.0% over 7 days. Lighter: 0.0% over 24 hours and -17.2% over 7 days (APR).