Lighter lists 205 perpetual markets with funding rate data. The current mean funding rate across Lighter perps is -0.34 bps (-3.70% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Lighter funding rates

• CASHCAT: 26.00 bps (284.70% APY)
• BOT: 22.80 bps (249.66% APY)
• ZRO: 6.08 bps (66.58% APY)

Lowest Lighter funding rates

• KAITO: -138.08 bps (-1511.98% APY)
• BRENT: -14.88 bps (-162.94% APY)
• DATA: -7.12 bps (-77.96% APY)

Largest absolute Lighter funding rates

Markets with the most extreme Lighter funding (positive or negative): KAITO (-138.08 bps), CASHCAT (26.00 bps), BOT (22.80 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 2026-08-12T22:41:25Z (UTC).