NBIS funding: questions and answers
What is the NBIS funding rate on Lighter now?
-0.0092% per hour, or -80.6% APR: shorts pay longs; funding on Lighter is paid every hour.
How does NBIS funding on Lighter compare with Binance and Bybit?
Binance: 0.0% APR (paid every 8 h), Bybit: -12.3% APR. The difference between Lighter and Binance is -80.6% per year.
What has NBIS funding been on average?
On Lighter: -14.8% APR over 24 hours, 23.8% over 7 days and 16.9% over 30 days. Longs paid in 94% of the hours over the last 30 days.
What does high or negative NBIS 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.