What is the average funding rate on Lighter?
The mean funding rate across 212 Lighter perpetual markets is +1.34 bps, equivalent to +14.7% annualized after normalizing each market to an 8-hour basis.
Lighter funding rate history
Lighter lists 212 perpetual markets with funding rate data. The current mean funding rate across Lighter perps is 1.34 bps (14.69% APY) (8h-normalized so it can be compared across venues with different funding intervals).
Highest Lighter funding rates
- ANSEM: 34.88 bps (381.94% APY)
- APEX: 24.56 bps (268.93% APY)
- GRASS: 14.88 bps (162.94% APY)
Lowest Lighter funding rates
- MRNA: -9.20 bps (-100.74% APY)
- EDEN: -8.00 bps (-87.60% APY)
- WLFI: -3.68 bps (-40.30% APY)
Largest absolute Lighter funding rates
Markets with the most extreme Lighter funding (positive or negative): ANSEM (34.88 bps), APEX (24.56 bps), GRASS (14.88 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 2026-08-21T20:23:31Z (UTC).
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FAQs
Lighter funding rate questions
Lighter currently reports funding for 212 perpetual futures markets with a mean 8-hour-normalized rate of +1.34 bps.
Which Lighter perpetual has the highest funding rate?
ANSEM has the highest current Lighter funding rate at +34.88 bps, or +381.9% annualized.
Which Lighter perpetual has the lowest funding rate?
MRNA has the lowest current Lighter funding rate at -9.20 bps, or -100.7% annualized.
Which Lighter market has the most extreme funding?
ANSEM has the largest absolute funding rate on Lighter at +34.88 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.
