ENA funding: questions and answers
What is the ENA funding rate on Lighter now?
-0.0016% per hour, or -14.0% APR: shorts pay longs; funding on Lighter is paid every hour.
How does ENA funding on Lighter compare with Binance and Bybit?
Binance: 5.3% APR (paid every 8 h), Bybit: -26.8% APR. The difference between Lighter and Binance is -19.3% per year.
What has ENA funding been on average?
On Lighter: -18.2% APR over 24 hours, 3.1% over 7 days and 20.0% over 30 days. Longs paid in 94% of the hours over the last 30 days.
What does high or negative ENA 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.