SOXL (xyz) funding comparison: questions and answers
Where is SOXL (xyz) funding the highest right now?
Lighter: 295.2%, Hyperliquid: 284.7%, Bybit: 224.2%, Binance: -31.7% APR. A positive rate means longs pay shorts.
How can you earn the SOXL (xyz) funding spread?
Short SOXL (xyz) on Lighter and go long the same size on Binance: the price risk is hedged, and the difference of 326.9% 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 SOXL (xyz) funding averaged on Hyperliquid and Lighter?
Hyperliquid: -33.8% over 24 hours and 9.0% over 7 days. Lighter: -29.4% over 24 hours and 23.6% over 7 days (APR).