Lighter lists 173 perpetual markets with funding rate data. The current mean funding rate across Lighter perps is 1.51 bps (16.56% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Lighter funding rates

• EWY: 35.92 bps (393.32% APY)
• SNDK: 21.36 bps (233.89% APY)
• USELESS: 15.92 bps (174.32% APY)

Lowest Lighter funding rates

• STABLE: -12.32 bps (-134.90% APY)
• EDEN: -10.96 bps (-120.01% APY)
• CL: -4.56 bps (-49.93% APY)

Largest absolute Lighter funding rates

Markets with the most extreme Lighter funding (positive or negative): EWY (35.92 bps), SNDK (21.36 bps), USELESS (15.92 bps).

About Lighter funding rates

Funding payments keep Lighter perpetual contracts pinned to the underlying spot price. A positive Lighter funding rate means longs pay shorts — the long side is crowded and willing to pay to hold the position. A negative Lighter funding rate means shorts pay longs. All rates on this page are normalized to an 8-hour basis so Lighter can be compared directly with venues that fund hourly, every 4 hours, or on any other schedule.

Last updated 2026-05-23 13:43:59 (UTC).