NOW (xyz) funding comparison: questions and answers
Where is NOW (xyz) funding the highest right now?
Lighter: 3.5%, Binance: 0.0%, Bybit: 0.0%, Hyperliquid: -24.5% APR. A positive rate means longs pay shorts.
How can you earn the NOW (xyz) funding spread?
Short NOW (xyz) on Lighter and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 28.0% 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 NOW (xyz) funding averaged on Hyperliquid and Lighter?
Hyperliquid: — over 24 hours and 5.1% over 7 days. Lighter: 3.2% over 24 hours and 3.6% over 7 days (APR).