CRCL funding: questions and answers
What is the CRCL funding rate on Lighter now?
0.0004% per hour, or 3.5% APR: longs pay shorts; funding on Lighter is paid every hour.
How does CRCL funding on Lighter compare with Binance and Bybit?
Binance: -43.3% APR (paid every 8 h), Bybit: -53.0% APR. The difference between Lighter and Binance is +46.8% per year.
What has CRCL funding been on average?
On Lighter: -6.1% APR over 24 hours, 5.6% over 7 days and 16.5% over 30 days. Longs paid in 93% of the hours over the last 30 days.
What does high or negative CRCL 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.