LIT funding rate: Hyperliquid vs Lighter

Price 3.1492 · every rate converted to APR · Hyperliquid and Lighter pay funding every hour

Hyperliquid, APR

10.9%

0.0013% per hour

Lighter, APR

-21.9%

-0.0025% per hour

Binance, APR

10.9%

0.0013% per hour

Bybit, APR

10.9%

0.0013% per hour

Max spread, APR

32.9%

Short on Hyperliquid, long on Lighter

Average paid funding, APR

Exchange	24 hours	7 days	30 days
Hyperliquid	-4.6%	-1.9%	10.3%
Lighter	5.8%	7.1%	9.7%

Hyperliquid funding by hour, 7 days

Longs pay shortsShorts pay longs

Lighter funding by hour, 7 days

Longs pay shortsShorts pay longs

LIT funding on Hyperliquid →LIT: whale positions →All markets: funding comparison →

LIT funding comparison: questions and answers

Where is LIT funding the highest right now?

Hyperliquid: 10.9%, Binance: 10.9%, Bybit: 10.9%, Lighter: -21.9% APR. A positive rate means longs pay shorts.

How can you earn the LIT funding spread?

Short LIT on Hyperliquid and go long the same size on Lighter: the price risk is hedged, and the difference of 32.9% 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 LIT funding averaged on Hyperliquid and Lighter?

Hyperliquid: -4.6% over 24 hours and -1.9% over 7 days. Lighter: 5.8% over 24 hours and 7.1% over 7 days (APR).