GOOGL (xyz) funding comparison: questions and answers
Where is GOOGL (xyz) funding the highest right now?
Hyperliquid: 5.5%, Lighter: 3.5%, Binance: 0.0%, Bybit: 0.0% APR. A positive rate means longs pay shorts.
How can you earn the GOOGL (xyz) funding spread?
Short GOOGL (xyz) on Hyperliquid and go long the same size on Bybit: the price risk is hedged, and the difference of 5.5% 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 GOOGL (xyz) funding averaged on Hyperliquid and Lighter?
Hyperliquid: 0.8% over 24 hours and 8.0% over 7 days. Lighter: 0.9% over 24 hours and 6.0% over 7 days (APR).