COIN (xyz) funding comparison: questions and answers
Where is COIN (xyz) funding the highest right now?
Bybit: 115.2%, Lighter: 60.4%, Hyperliquid: 5.5%, Binance: 0.0% APR. A positive rate means longs pay shorts.
How can you earn the COIN (xyz) funding spread?
Short COIN (xyz) on Bybit and go long the same size on Binance: the price risk is hedged, and the difference of 115.2% 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 COIN (xyz) funding averaged on Hyperliquid and Lighter?
Hyperliquid: -5.5% over 24 hours and 8.0% over 7 days. Lighter: -4.7% over 24 hours and 5.4% over 7 days (APR).