SKHY funding: questions and answers
What is the SKHY funding rate on Lighter now?
-0.0230% per hour, or -201.5% APR: shorts pay longs; funding on Lighter is paid every hour.
How does SKHY funding on Lighter compare with Binance and Bybit?
Binance: -8.1% APR (paid every 8 h), Bybit: -27.7% APR. The difference between Lighter and Binance is -193.4% per year.
What has SKHY funding been on average?
On Lighter: -13.0% APR over 24 hours, -7.4% over 7 days and -4.5% over 30 days. Longs paid in 54% of the hours over the last 30 days.
What does high or negative SKHY 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.