Lighter lists 198 perpetual markets with funding rate data. The current mean funding rate across Lighter perps is 1.37 bps (14.97% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Lighter funding rates

• SKHYNIXUSD: 47.28 bps (517.72% APY)
• SAMSUNGUSD: 38.64 bps (423.11% APY)
• DATA: 16.56 bps (181.33% APY)

Lowest Lighter funding rates

• STABLE: -8.72 bps (-95.48% APY)
• XPL: -5.76 bps (-63.07% APY)
• ADA: -2.48 bps (-27.16% APY)

Largest absolute Lighter funding rates

Markets with the most extreme Lighter funding (positive or negative): SKHYNIXUSD (47.28 bps), SAMSUNGUSD (38.64 bps), DATA (16.56 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 2026-07-07T17:36:46Z (UTC).