PONS funding: questions and answers
What is the PONS funding rate on Lighter now?
-0.0014% per hour, or -12.3% APR: shorts pay longs; funding on Lighter is paid every hour.
How does PONS funding on Lighter compare with Binance and Bybit?
Binance: 10.9% APR (paid every 8 h), Bybit: 1.2% APR. The difference between Lighter and Binance is -23.2% per year.
What has PONS funding been on average?
On Lighter: -29.7% APR over 24 hours, 0.6% over 7 days and 34.8% over 30 days. Longs paid in 90% of the hours over the last 30 days.
What does high or negative PONS 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.