Lighter funding rates

Hourly funding on Lighter next to Binance and Bybit. All rates are converted to per hour and APR.

Top funding

The highest and lowest Lighter funding rates right now, annualized. Positive — longs pay shorts, negative — shorts pay longs. Check open interest: on thin markets the rate swings fast.

Longs pay

  1. CASHCAT330.3%0.0377% per hour · OI $493.3K · 7d avg 12.5%
  2. CRCL85.8%0.0098% per hour · OI $1.45M · 7d avg 7.0%
  3. MSTR72.7%0.0083% per hour · OI $2.61M · 7d avg 6.6%

Shorts pay

  1. SMIC-81.5%-0.0093% per hour · OI $61.3K · 7d avg -4.2%
  2. STABLE-61.3%-0.0070% per hour · OI $98.1K · 7d avg 5.7%
  3. WLFI-39.4%-0.0045% per hour · OI $978.3K · 7d avg 3.8%
APR
BTC0.0012%10.5%10.8%10.9%-0.3%7.2%$165.45M
ETH0.0012%10.5%3.5%10.9%+7.0%5.5%$77.14M
LIT0.0000%0.0%10.9%10.9%-10.9%5.4%$32.12M
NEAR0.0012%10.5%2.1%-7.4%+8.4%9.8%$18.85M
ZEC0.0012%10.5%10.9%10.9%-0.4%10.5%$18.12M
SOL0.0012%10.5%5.0%-1.1%+5.5%7.1%$16.30M
XAU0.0004%3.5%0.0%38.8%+3.5%8.3%$16.23M
HYPE0.0012%10.5%10.8%4.2%-0.2%5.0%$14.50M
ZRO0.0012%10.5%0.8%10.9%+9.7%17.0%$7.83M
QQQ0.0004%3.5%0.0%2.4%+3.5%9.4%$6.47M
WLD0.0012%10.5%-8.0%10.9%+18.5%11.1%$5.75M
XPL0.0012%10.5%10.1%10.9%+0.4%-5.6%$5.65M
TSLA0.0021%18.4%0.0%24.2%+18.4%6.5%$5.56M
META0.0004%3.5%0.0%0.0%+3.5%6.6%$4.97M
WTI0.0004%3.5%0.0%0.0%+3.5%-17.2%$4.66M
SPY0.0004%3.5%0.0%0.0%+3.5%5.1%$4.54M
GOOGL0.0004%3.5%0.0%0.0%+3.5%6.0%$4.54M
NVDA0.0004%3.5%0.0%5.2%+3.5%4.0%$4.48M
AAVE0.0012%10.5%1.8%1.0%+8.7%9.3%$4.44M
AAPL0.0004%3.5%0.0%0.0%+3.5%1.4%$4.39M
XAG0.0004%3.5%0.0%0.0%+3.5%13.6%$4.32M
BNB0.0012%10.5%8.8%-3.3%+1.7%7.6%$4.24M
SNDK-0.0025%-21.9%27.4%86.0%-49.3%13.6%$3.79M
SPCX0.0004%3.5%0.0%3.0%+3.5%5.1%$3.37M
SKHYNIXUSD-0.0019%-16.6%———46.1%$3.26M
MSFT0.0004%3.5%0.0%5.5%+3.5%4.2%$3.12M
ENA-0.0016%-14.0%5.3%-26.8%-19.3%3.1%$2.87M
PUMP0.0012%10.5%10.9%10.9%-0.4%10.5%$2.79M
XRP0.0012%10.5%2.0%5.1%+8.5%-1.0%$2.62M
MSTR0.0083%72.7%0.0%171.8%+72.7%6.6%$2.61M
XMR0.0012%10.5%10.9%10.9%-0.4%1.8%$2.54M
ANTHROPIC0.0001%0.9%5.5%0.0%-4.6%0.0%$2.52M
SAMSUNGUSD-0.0020%-17.5%———17.1%$2.30M
US1000.0004%3.5%———3.2%$2.27M
AMZN0.0004%3.5%0.0%8.8%+3.5%4.5%$2.10M
BRENTOIL0.0004%3.5%0.0%—+3.5%-48.7%$2.08M
GRAM0.0012%10.5%10.9%10.9%-0.4%6.5%$2.07M
EURUSD0.0000%0.0%—0.0%—2.5%$2.00M
MU-0.0019%-16.6%10.6%10.4%-27.2%8.4%$2.00M
ADA0.0009%7.9%3.5%9.5%+4.3%-2.7%$1.97M
PAXG-0.0020%-17.5%9.5%10.9%-27.0%7.9%$1.76M
SOXL-0.0005%-4.4%45.3%116.3%-49.7%25.1%$1.75M
LINK-0.0007%-6.1%4.9%8.7%-11.0%-3.3%$1.49M
INTC-0.0022%-19.3%2.1%5.4%-21.4%7.9%$1.47M
VVV0.0012%10.5%10.9%10.9%-0.4%15.9%$1.46M
CRCL0.0098%85.8%13.3%188.6%+72.6%7.0%$1.45M
US5000.0004%3.5%———3.1%$1.43M
OPENAI0.0031%27.2%5.5%0.0%+21.7%3.5%$1.42M
AMD0.0004%3.5%8.2%—-4.7%6.2%$1.38M
UNI0.0012%10.5%-1.2%10.4%+11.7%1.5%$1.32M
NATGAS0.0007%6.1%0.0%—+6.1%154.6%$1.25M
AERO0.0012%10.5%10.9%3.9%-0.4%9.0%$1.18M
SUI0.0012%10.5%8.0%6.1%+2.6%10.5%$1.13M
AVAX-0.0005%-4.4%0.1%2.8%-4.5%-3.0%$1.11M
SKHY-0.0025%-21.9%27.6%66.7%-49.5%-7.2%$1.07M
HOOD0.0024%21.0%9.4%82.9%+11.7%5.2%$1.07M
DRAM-0.0013%-11.4%22.7%66.5%-34.1%11.6%$1.04M
LTC0.0012%10.5%-14.0%0.4%+24.5%10.0%$986.1K
WLFI-0.0045%-39.4%10.9%10.9%-50.4%3.8%$978.3K
ETHFI0.0012%10.5%10.9%10.9%-0.4%9.8%$902.8K
LDO0.0012%10.5%2.4%-1.3%+8.1%10.5%$868.0K
NBIS0.0004%3.5%20.2%103.9%-16.7%23.9%$849.3K
USDCAD0.0000%0.0%———-13.3%$825.7K
GRASS0.0012%10.5%10.9%5.6%-0.4%10.7%$819.5K
STRC0.0000%0.0%0.0%—0.0%-20.4%$809.6K
ASTER0.0012%10.5%8.6%10.9%+1.9%8.7%$734.2K
DOGE0.0012%10.5%1.3%2.5%+9.2%10.3%$732.7K
USDKRW0.0000%0.0%———10.3%$710.4K
PONS0.0012%10.5%10.9%10.9%-0.4%0.6%$698.5K
COIN0.0044%38.5%0.0%131.8%+38.5%6.7%$683.8K
APT-0.0017%-14.9%-3.2%10.9%-11.7%2.3%$620.5K
ARB0.0012%10.5%-2.2%10.9%+12.7%-4.5%$612.5K
TAO0.0012%10.5%7.2%10.9%+3.3%7.1%$604.3K
STABLECOINX0.0004%3.5%———-2.5%$588.6K
PRL0.0012%10.5%10.9%10.9%-0.4%289.5%$572.0K
ONDO0.0011%9.6%10.9%9.8%-1.3%6.4%$562.9K
USELESS0.0012%10.5%10.9%10.9%-0.4%10.9%$562.5K
BMNR0.0004%3.5%2.6%159.7%+0.9%2.3%$516.7K
JUP-0.0004%-3.5%4.9%10.9%-8.4%-12.6%$509.9K
EIGEN0.0012%10.5%1.9%-5.8%+8.7%10.5%$494.9K
HBAR0.0012%10.5%2.7%3.1%+7.8%7.4%$493.7K
CASHCAT0.0377%330.3%—10.9%—12.5%$493.3K
BCH0.0012%10.5%-7.8%-2.1%+18.3%10.5%$485.5K
XCU0.0004%3.5%0.0%—+3.5%11.3%$473.8K
VIRTUAL0.0000%0.0%-6.7%10.9%+6.7%-8.8%$473.1K
TIA0.0012%10.5%-19.0%-35.3%+29.5%9.5%$469.6K
MON0.0012%10.5%-18.8%-22.7%+29.3%10.5%$423.6K
MORPHO0.0012%10.5%10.9%1.7%-0.4%10.5%$421.2K
XPD0.0004%3.5%0.0%—+3.5%14.5%$414.7K
PENDLE0.0012%10.5%10.8%10.9%-0.3%10.4%$390.0K
DRV-0.0010%-8.8%—10.9%—49.6%$386.7K
1000PEPE0.0012%10.5%-3.2%-1.2%+13.7%10.5%$379.6K
TRUMP0.0012%10.5%6.2%10.2%+4.3%10.5%$378.5K
SKY0.0012%10.5%-5.4%10.9%+15.9%10.5%$359.4K
ORCL0.0004%3.5%0.0%68.1%+3.5%2.6%$346.5K
FARTCOIN0.0012%10.5%10.9%10.9%-0.4%10.1%$344.3K
CRV0.0012%10.5%10.9%10.9%-0.4%2.5%$343.3K
XPT0.0004%3.5%0.0%—+3.5%18.5%$341.0K
PLTR0.0004%3.5%0.0%0.6%+3.5%1.5%$321.8K
CRWV0.0004%3.5%32.9%115.8%-29.4%2.0%$320.2K
STRK0.0012%10.5%10.9%10.9%-0.4%10.0%$319.9K
LITE0.0004%3.5%0.0%18.8%+3.5%32.7%$308.6K
BABA0.0004%3.5%0.0%0.0%+3.5%3.6%$303.3K
TRX0.0012%10.5%8.5%1.3%+2.0%2.6%$285.5K
PENGU0.0012%10.5%3.5%0.3%+7.0%9.2%$265.1K
DOT0.0012%10.5%-8.0%6.0%+18.5%4.7%$237.4K
USDJPY0.0000%0.0%—-50.9%—-6.2%$229.7K
IBM0.0004%3.5%0.0%0.0%+3.5%14.2%$221.6K
POL0.0012%10.5%-17.2%2.1%+27.7%10.5%$214.2K
SYRUP0.0012%10.5%10.9%10.9%-0.4%10.4%$207.4K
CC-0.0031%-27.2%-13.3%8.3%-13.9%6.2%$204.6K
STONK0.0004%3.5%—10.9%—22.3%$197.2K
ICP0.0012%10.5%-2.5%4.4%+13.0%9.8%$196.2K
CBRS0.0004%3.5%8.5%87.2%-5.0%10.4%$177.7K
1000BONK0.0012%10.5%7.7%10.9%+2.8%10.5%$174.0K
SEI0.0012%10.5%5.8%9.0%+4.7%8.3%$172.0K
SPX0.0012%10.5%10.9%10.9%-0.4%10.5%$170.6K
1000SHIB0.0012%10.5%-3.3%3.4%+13.8%10.5%$165.7K
AI0.0012%10.5%0.0%—+10.5%8.0%$161.5K
XLM0.0012%10.5%-2.0%1.2%+12.5%10.3%$160.0K
BB0.0004%3.5%10.9%10.9%-7.4%3.6%$156.6K
TSM0.0004%3.5%0.0%25.0%+3.5%3.5%$153.7K
JTO0.0012%10.5%-1.0%10.9%+11.5%10.5%$143.6K
CHIP0.0001%0.9%4.3%-3.3%-3.4%-6.3%$143.0K
OP0.0012%10.5%-22.0%5.5%+32.5%9.6%$142.4K
DELL0.0004%3.5%0.0%0.0%+3.5%7.5%$140.7K
MRNA0.0004%3.5%6.5%0.0%-3.0%12.6%$140.5K
ANSEM0.0012%10.5%———11.4%$133.0K
EWY0.0004%3.5%0.0%20.6%+3.5%3.1%$130.3K
PYTH-0.0009%-7.9%-10.7%5.9%+2.8%6.8%$121.2K
S0.0012%10.5%10.9%10.9%-0.4%8.8%$120.7K
RIVER0.0012%10.5%10.9%10.9%-0.4%-10.7%$120.0K
UNITREE0.0004%3.5%0.0%0.0%+3.5%-2.8%$114.6K
GBPUSD0.0000%0.0%—0.0%—0.0%$114.3K
MET0.0012%10.5%-3.1%4.2%+13.6%8.4%$110.8K
QNT0.0004%3.5%-7.2%0.5%+10.7%-4.7%$110.1K
MEGA0.0012%10.5%8.2%1.2%+2.3%10.2%$110.0K
LINEA0.0012%10.5%7.7%10.9%+2.8%10.5%$104.5K
RAY0.0012%10.5%0.0%—+10.5%-4.6%$103.0K
ZHIPU0.0004%3.5%0.0%0.0%+3.5%7.7%$102.2K
RKLB0.0004%3.5%12.9%66.4%-9.4%0.6%$100.1K
STABLE-0.0070%-61.3%10.9%10.9%-72.3%5.7%$98.1K
DATA0.0012%10.5%—10.9%—14.8%$97.3K
MNT0.0012%10.5%—10.9%—10.5%$94.9K
OURA0.0000%0.0%5.5%0.0%-5.5%0.0%$92.7K
ZK0.0012%10.5%-0.8%10.9%+11.3%8.6%$83.9K
CAP0.0012%10.5%10.9%10.9%-0.4%9.7%$80.9K
GMX0.0012%10.5%10.9%10.9%-0.4%10.5%$76.5K
DASH0.0012%10.5%0.4%10.9%+10.1%10.5%$75.8K
WIF0.0012%10.5%2.0%10.9%+8.6%10.5%$71.4K
FOLKS0.0012%10.5%10.9%10.9%-0.4%42.2%$68.3K
MINIMAX0.0004%3.5%0.0%0.0%+3.5%1.4%$67.0K
MRVL0.0004%3.5%18.7%48.9%-15.1%1.2%$65.2K
KAITO0.0012%10.5%10.9%10.9%-0.4%8.0%$64.8K
SMIC-0.0093%-81.5%—0.0%—-4.2%$61.3K
FIL0.0012%10.5%-6.0%-8.4%+16.5%10.0%$57.7K
IWM0.0004%3.5%0.0%0.0%+3.5%3.5%$55.1K
AZTEC0.0012%10.5%10.9%10.9%-0.4%10.5%$54.6K
BERA0.0012%10.5%-2.1%10.9%+12.6%-11.5%$53.4K
XIAOMI0.0004%3.5%—0.0%—1.5%$50.7K
CXMT0.0004%3.5%0.0%0.0%+3.5%4.3%$50.3K
FF0.0012%10.5%6.3%-7.9%+4.2%10.5%$46.0K
ASML0.0004%3.5%0.0%62.8%+3.5%3.6%$43.7K
STBL0.0012%10.5%10.9%10.9%-0.4%12.0%$43.3K
APEX0.0012%10.5%—10.9%—11.0%$41.5K
NMR0.0012%10.5%10.9%10.9%-0.4%9.7%$37.1K
DYDX-0.0011%-9.6%6.8%10.9%-16.5%2.4%$35.3K
POPCAT0.0012%10.5%10.9%10.9%-0.4%10.5%$34.3K
AVNT0.0012%10.5%10.9%10.9%-0.4%9.4%$34.2K
BOT0.0004%3.5%0.0%0.0%+3.5%32.8%$31.6K
TENCENT0.0004%3.5%0.0%0.0%+3.5%17.1%$28.4K
HYUNDAIUSD0.0004%3.5%———13.3%$25.3K
ARC0.0012%10.5%10.9%18.1%-0.4%15.0%$23.1K
EDGE0.0012%10.5%10.9%10.9%-0.4%10.5%$21.2K
2Z0.0012%10.5%5.6%-16.7%+4.9%10.5%$20.4K
CRO-0.0028%-24.5%—-22.6%—-7.0%$20.0K
PROVE0.0012%10.5%10.9%10.9%-0.4%-6.2%$17.9K
1000FLOKI0.0012%10.5%-18.1%3.8%+28.6%10.5%$13.7K
ZORA0.0012%10.5%10.9%-12.5%-0.4%10.1%$13.5K
0G0.0012%10.5%10.9%10.9%-0.4%10.5%$12.5K
CTR0.0012%10.5%10.9%10.9%-0.4%10.6%$10.9K
AXS0.0012%10.5%10.3%10.6%+0.2%10.0%$10.4K
BIO0.0012%10.5%-24.2%10.9%+34.7%10.5%$9.4K
WEN0.0004%3.5%0.0%—+3.5%10.2%$9.2K
NOW0.0004%3.5%0.0%44.0%+3.5%3.6%$7.7K
SHEIN0.0004%3.5%—0.0%—13.6%$7.0K
RAIL0.0012%10.5%———51.8%$6.9K
SKR0.0012%10.5%10.9%10.9%-0.4%10.4%$5.9K
TTWO0.0004%3.5%0.0%0.0%+3.5%20.3%$5.7K
H1000.0004%3.5%———-353.1%$3.6K
ROBO-0.0023%-20.1%10.9%10.9%-31.1%7.9%$3.4K
1000NOT0.0012%10.5%———10.5%$2.4K

Funding comparison: Hyperliquid vs Lighter, Binance and Bybit →

Funding rates: questions and answers

What is the funding rate?

Funding is a regular payment between longs and shorts of a perpetual contract that keeps its price close to the spot price. When funding is positive, longs pay shorts; when it is negative, shorts pay longs.

How does funding work on Lighter?

On Lighter funding is paid every hour, not every 8 hours as on most centralized exchanges. When the contract trades at the oracle price, the rate is 0.00125% per hour — about 11% APR; a premium or discount moves it up or down. To compare with Binance and Bybit, HyperScan converts every rate to per hour and APR.

What is funding rate arbitrage?

If funding on Lighter and on Binance differs, you can short where it is higher and go long where it is lower, hedging the price, and collect the difference. The HL − Binance column shows it in APR. Fees, the price gap between exchanges and a change of the rate eat into the profit, and each side can be liquidated.

Which coins have the highest funding right now?

Among coins with $1M+ in open interest: CASHCAT — 330.3% APR, CRCL — 85.8% APR, MSTR — 72.7% APR. The table above updates every minute.