HYPE funding: questions and answers
What is the HYPE 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 HYPE funding on Lighter compare with Binance and Bybit?
Binance: 8.7% APR (paid every 8 h), Bybit: 3.0% APR. The difference between Lighter and Binance is -5.2% per year.
What has HYPE funding been on average?
On Lighter: 7.4% APR over 24 hours, 4.9% over 7 days and 8.0% over 30 days. Longs paid in 89% of the hours over the last 30 days.
What does high or negative HYPE 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.