VIRTUAL funding: questions and answers
What is the VIRTUAL funding rate on Lighter now?
-0.0021% per hour, or -18.4% APR: shorts pay longs; funding on Lighter is paid every hour.
How does VIRTUAL funding on Lighter compare with Binance and Bybit?
Binance: -13.4% APR (paid every 8 h), Bybit: 10.9% APR. The difference between Lighter and Binance is -4.9% per year.
What has VIRTUAL funding been on average?
On Lighter: -20.7% APR over 24 hours, -9.2% over 7 days and -1.1% over 30 days. Longs paid in 65% of the hours over the last 30 days.
What does high or negative VIRTUAL 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.