SNDK funding: questions and answers
What is the SNDK funding rate on Lighter now?
-0.0025% per hour, or -21.9% APR: shorts pay longs; funding on Lighter is paid every hour.
How does SNDK funding on Lighter compare with Binance and Bybit?
Binance: 27.4% APR (paid every 8 h), Bybit: 86.0% APR. The difference between Lighter and Binance is -49.3% per year.
What has SNDK funding been on average?
On Lighter: -19.0% APR over 24 hours, 13.6% over 7 days and 7.6% over 30 days. Longs paid in 96% of the hours over the last 30 days.
What does high or negative SNDK 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.