NBIS (xyz) funding comparison: questions and answers
Where is NBIS (xyz) funding the highest right now?
Binance: 0.0%, Bybit: 0.0%, Lighter: -7.9%, Hyperliquid: -13.3% APR. A positive rate means longs pay shorts.
How can you earn the NBIS (xyz) funding spread?
Short NBIS (xyz) on Binance and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 13.3% 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 NBIS (xyz) funding averaged on Hyperliquid and Lighter?
Hyperliquid: -21.9% over 24 hours and 12.1% over 7 days. Lighter: -18.0% over 24 hours and 23.2% over 7 days (APR).