SMIC funding: questions and answers
What is the SMIC funding rate on Lighter now?
-0.0119% per hour, or -104.2% APR: shorts pay longs; funding on Lighter is paid every hour.
How does SMIC funding on Lighter compare with Binance and Bybit?
SMIC is not listed on Binance, Bybit: 0.0% APR.
What has SMIC funding been on average?
On Lighter: -18.5% APR over 24 hours, -5.9% over 7 days and 1.4% over 30 days. Longs paid in 96% of the hours over the last 30 days.
What does high or negative SMIC 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.