What is the average funding rate on Lighter?
The mean funding rate across 211 Lighter perpetual markets is +1.21 bps, equivalent to +13.3% annualized after normalizing each market to an 8-hour basis.
Lighter funding rate history
Lighter lists 211 perpetual markets with funding rate data. The current mean funding rate across Lighter perps is 1.21 bps (13.28% APY) (8h-normalized so it can be compared across venues with different funding intervals).
Highest Lighter funding rates
- PRL: 20.48 bps (224.26% APY)
- STONK: 19.44 bps (212.87% APY)
- BB: 12.96 bps (141.91% APY)
Lowest Lighter funding rates
- BRENT: -4.08 bps (-44.68% APY)
- SKHYNIXUSD: -3.44 bps (-37.67% APY)
- TRX: -1.76 bps (-19.27% APY)
Largest absolute Lighter funding rates
Markets with the most extreme Lighter funding (positive or negative): PRL (20.48 bps), STONK (19.44 bps), BB (12.96 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 2026-10-06T09:13:18Z (UTC).
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FAQs
Lighter funding rate questions
Lighter currently reports funding for 211 perpetual futures markets with a mean 8-hour-normalized rate of +1.21 bps.
Which Lighter perpetual has the highest funding rate?
PRL has the highest current Lighter funding rate at +20.48 bps, or +224.3% annualized.
Which Lighter perpetual has the lowest funding rate?
BRENT has the lowest current Lighter funding rate at -4.08 bps, or -44.7% annualized.
Which Lighter market has the most extreme funding?
PRL has the largest absolute funding rate on Lighter at +20.48 bps. Absolute magnitude identifies the market furthest from a flat rate, regardless of sign.
What does a positive Lighter funding rate mean?
A positive normalized rate means longs pay shorts on that Lighter perpetual. A negative rate means shorts pay longs. The payment direction is market-specific and can differ across symbols on the same venue.
Related: Lighter open interest, Lighter volume, Lighter market data.
