HOOD (xyz) funding comparison: questions and answers
Where is HOOD (xyz) funding the highest right now?
Bybit: 31.7%, Lighter: 17.5%, Binance: 0.0%, Hyperliquid: -9.0% APR. A positive rate means longs pay shorts.
How can you earn the HOOD (xyz) funding spread?
Short HOOD (xyz) on Bybit and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 40.7% 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 HOOD (xyz) funding averaged on Hyperliquid and Lighter?
Hyperliquid: -8.0% over 24 hours and 5.6% over 7 days. Lighter: -6.6% over 24 hours and 4.4% over 7 days (APR).