CBRS funding: questions and answers
What is the CBRS funding rate on Lighter now?
0.0019% per hour, or 16.6% APR: longs pay shorts; funding on Lighter is paid every hour.
How does CBRS funding on Lighter compare with Binance and Bybit?
Binance: 0.0% APR (paid every 8 h), Bybit: 0.0% APR. The difference between Lighter and Binance is +16.6% per year.
What has CBRS funding been on average?
On Lighter: -20.0% APR over 24 hours, 9.5% over 7 days and 9.6% over 30 days. Longs paid in 94% of the hours over the last 30 days.
What does high or negative CBRS funding mean?
High funding means the market is crowded with longs: holding a long is expensive and a fall can trigger a long squeeze. Negative funding means crowded shorts. Check who exactly is positioned and where their liquidations are on the whale positions page and the liquidation map.