SOXL funding: questions and answers
What is the SOXL funding rate on Lighter now?
-0.0005% per hour, or -4.4% APR: shorts pay longs; funding on Lighter is paid every hour.
How does SOXL funding on Lighter compare with Binance and Bybit?
Binance: 45.3% APR (paid every 8 h), Bybit: 116.3% APR. The difference between Lighter and Binance is -49.7% per year.
What has SOXL funding been on average?
On Lighter: -23.3% APR over 24 hours, 25.1% over 7 days and 10.0% over 30 days. Longs paid in 91% of the hours over the last 30 days.
What does high or negative SOXL 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.