Lighter Funding Rates — live across 133 markets
PERP · 8h funding interval · paired against 30 other venues · updated every few minutesLive annualized funding for every Lighter perpetual market Perpia scans. Right now 104 of 133 markets pay positive funding (longs pay shorts) and 24 pay negative, with a median of +10.5%. The widest delta-neutral spread involving Lighter on a market with real depth is SOXL: long Lighter / short Gate.io at 479.6% net APR.
Lighter at a glance
venue registryFees are the venue's published default tiers — the ones Perpia uses when a market has no per-market override. Volume and open interest are venue-wide, not per market. Lighter website ↗
Lighter funding rate history
last 30 days · annualizedOver the last 30 days SOXL on Lighter averaged +12.1% annualized, ranging from -112.8% to +107.6%; funding was positive 88% of the time. Over the last 30 days DRV on Lighter averaged +58.2% annualized, ranging from -64.3% to +196.1%; funding was positive 96% of the time. Rates are sampled per settlement and annualized, so venues on different intervals stay comparable. A market that spends most of its time on one side of zero is the one worth holding; a rate that crosses zero often pays only while you watch it.
Highest funding on Lighter
longs pay shortsMost negative funding on Lighter
shorts pay longsBest Lighter funding spreads
1,013 pairs scanned · net of fees| Market | Long | Short | Net APR | Thin leg vol | Max size |
|---|---|---|---|---|---|
| SOXL | Lighter | Gate.io | 479.6% | $4.8M | — |
| SOXL | Lighter | OKX | 479.6% | $4.8M | — |
| SOXL | Lighter | HTX | 479.5% | $2.1M | — |
| SOXL | Lighter | KuCoin | 439.0% | $4.8M | — |
| SOXL | Lighter | Aster | 428.3% | $3.3M | — |
| SOXL | Lighter | Extended | 420.0% | $2.9M | — |
| SOXL | Lighter | Variational | 419.6% | $4.8M | — |
| SOXL | Lighter | MEXC | 417.0% | $4.8M | — |
| DRV | Lighter | Paragon | 356.7% | $209K | — |
| SOXL | Lighter | Bybit | 351.9% | $4.8M | — |
| SOXL | Lighter | Bitget | 327.1% | $4.8M | — |
| SOXL | Lighter | Hyperliquid | 319.0% | $4.8M | — |
Net APR is the gross funding spread minus entry and exit fees, both legs' bid/ask spread and estimated slippage. “Max size” is shown only where real order-book depth was available; a dash means the cap is a placeholder, not a measurement.
Lighter versus other exchanges
most shared markets firstThe exchanges Lighter currently shares the most markets with. Each pair has its own page with the live spread between the two.
Lighter funding — FAQ
What is the funding rate on Lighter right now?
Across the 133 Lighter perpetual markets Perpia tracks, the median annualized funding is +10.5%. 104 markets currently pay positive funding (longs pay shorts) and 24 pay negative. The highest is CASHCAT at +259.3%.
How often does Lighter pay funding?
Lighter settles funding every 8 hours on all 133 markets tracked here. Perpia annualizes the rate so it is comparable with venues on other intervals.
What is the best Lighter funding arbitrage right now?
Long Lighter and short Gate.io on SOXL, worth about 479.6% net APR after estimated fees — the widest delta-neutral spread involving Lighter on a market with at least $1M of 24h volume on the smaller leg in the current snapshot.
How to read a venue funding rate
Funding is a recurring payment between the long and short side of a perpetual, set by each venue from its own perp-versus-spot basis. A positive rate means longs pay shorts. Because every exchange computes it independently — different intervals, clamps and premium windows — the same market can pay positive funding here and negative elsewhere, which is what a delta-neutral funding trade harvests. Perpia annualizes every rate so venues on 1h, 4h and 8h intervals are directly comparable. See the methodology for the exact calculation.