SPCX (xyz) funding comparison: questions and answers
Where is SPCX (xyz) funding the highest right now?
Lighter: 3.5%, Binance: 0.0%, Bybit: 0.0%, Hyperliquid: -22.6% APR. A positive rate means longs pay shorts.
How can you earn the SPCX (xyz) funding spread?
Short SPCX (xyz) on Lighter and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 26.1% 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 SPCX (xyz) funding averaged on Hyperliquid and Lighter?
Hyperliquid: -3.6% over 24 hours and 6.6% over 7 days. Lighter: -2.2% over 24 hours and 5.1% over 7 days (APR).