GME (xyz) funding comparison: questions and answers
Where is GME (xyz) funding the highest right now?
Lighter: 3.5%, Binance: 0.0%, Hyperliquid: -4.6% APR. A positive rate means longs pay shorts.
How can you earn the GME (xyz) funding spread?
Short GME (xyz) on Lighter and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 8.2% 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 GME (xyz) funding averaged on Hyperliquid and Lighter?
Hyperliquid: 8.9% over 24 hours and 12.3% over 7 days. Lighter: 3.5% over 24 hours and 3.5% over 7 days (APR).