INIT: All eight exchanges have negative funding rates, with shorts lining up to pay longs. Bybit −1.7235%, Binance −1.0978%, Hyperliquid −0.4627%—the steepest rate pays out 1.72% per interval.
The setup is straightforward: pick contracts with the same funding interval, go long where longs collect the most and short where shorts pay the least, hedge out price exposure, and pocket the difference.
But
8h / 4h / 1h intervals are mixed together; compare the wrong intervals and you’ll end up paying out of pocket. When rates flip, the one collecting money immediately becomes the one paying.
The setup is straightforward: pick contracts with the same funding interval, go long where longs collect the most and short where shorts pay the least, hedge out price exposure, and pocket the difference.
But
8h / 4h / 1h intervals are mixed together; compare the wrong intervals and you’ll end up paying out of pocket. When rates flip, the one collecting money immediately becomes the one paying.
