XPL funding: questions and answers
What is the XPL funding rate on Lighter now?
0.0011% per hour, or 9.6% APR: longs pay shorts; funding on Lighter is paid every hour.
How does XPL funding on Lighter compare with Binance and Bybit?
Binance: 8.2% APR (paid every 8 h), Bybit: 10.9% APR. The difference between Lighter and Binance is +1.4% per year.
What has XPL funding been on average?
On Lighter: 7.8% APR over 24 hours, -5.6% over 7 days and -4.1% over 30 days. Longs paid in 70% of the hours over the last 30 days.
What does high or negative XPL 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.