Choosing the right exchanges for funding rate arbitrage depends on several factors: funding intervals, liquidity, fees, and rate differentials. Here's a comprehensive comparison of all exchanges supported by JiaDX.
Exchange Comparison
| Feature | Hyperliquid | Aster | Paradex | Lighter |
|---|---|---|---|---|
| Funding Interval | 1 hour | Varies (1-8h) | Varies (1-8h) | 1 hour |
| Settlement | USDC | USDT | USDC | USDC |
| Chain | Hyperliquid L1 | - | StarkNet | Ethereum L2 |
| Self-Custody | Yes | Yes | Yes | Yes |
For detailed specs like max leverage and fees, check each exchange's official documentation.
Funding Interval Impact
The funding interval significantly affects your strategy:
- Hourly (Hyperliquid, Lighter): 24 funding events/day, smaller individual payments, faster compounding
- Variable (Aster, Paradex): 1-8 hours depending on asset, check JiaDX for exact intervals
Arbitrage Opportunities
The best arbitrage opportunities arise when:
- One exchange has significantly higher funding than another
- Market sentiment differs between exchanges
- Liquidity imbalances create rate discrepancies
- New listings have volatile funding rates
Key Takeaways
- Hyperliquid and Lighter have 1-hour funding intervals
- Aster and Paradex have variable intervals (1-8h) depending on asset
- JiaDX automatically detects and displays the correct interval for each market
- Check each exchange's official documentation for detailed specifications