RAY funding: questions and answers
What is the RAY funding rate on Lighter now?
0.0012% per hour, or 10.5% APR: longs pay shorts; funding on Lighter is paid every hour.
How does RAY funding on Lighter compare with Binance and Bybit?
Binance: 0.0% APR (paid every 8 h). The difference between Lighter and Binance is +10.5% per year.
What has RAY funding been on average?
On Lighter: -6.5% APR over 24 hours, -4.5% over 7 days and 19.3% over 30 days. Longs paid in 90% of the hours over the last 30 days.
What does high or negative RAY 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.