USDHKD funding: questions and answers
What is the USDHKD funding rate on Lighter now?
0.0004% per hour, or 3.5% APR: longs pay shorts; funding on Lighter is paid every hour.
How does USDHKD funding on Lighter compare with Binance and Bybit?
USDHKD is not listed on Binance.
What has USDHKD funding been on average?
On Lighter: 3.5% APR over 24 hours, 3.5% over 7 days and 3.5% over 30 days. Longs paid in 100% of the hours over the last 30 days.
What does high or negative USDHKD 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.