Lighter funding rates

Against Binance, Bybit and Hyperliquid for every market, on one 8-hour basis.

Widest spread

+0.0488%

NBIS · vs Bybit · books over $1M OI

+53.4% annualised, before fees, borrow and execution

Comparable

197

of 218 Lighter markets

Lighter pays most

markets above every venue

Median · Lighter

+0.0072%

Bin +0.0051%Byb +0.0027%Hyp +0.0100%

Next settlement

Lighter · hourly

--:--:--

as of 15:07:20 UTC

Method

Every rate is on an 8-hour basis — venues that settle hourly or every four hours are normalised by Lighter’s feed, which we checked against each exchange. Positive means longs pay. APR is the 8-hour rate × 3 × 365. A spread is a signal, not a quote.

BinanceBybitHyperliquid

NBIS+0.0488%+0.0052%0.0000%—+0.0488%vs Bybit$2.89M

WLD+0.0096%−0.0016%−0.0016%−0.0303%+0.0399%vs Hyperliquid$7.90M

VVV+0.0136%+0.0100%+0.0047%+0.0526%−0.0390%vs Hyperliquid$3.25M

SNDK+0.0376%+0.0158%+0.0017%+0.0128%+0.0359%vs Bybit$4.74M

ADA+0.0096%−0.0005%+0.0066%−0.0245%+0.0341%vs Hyperliquid$3.58M

UNI+0.0096%+0.0011%+0.0027%−0.0212%+0.0308%vs Hyperliquid$2.97M

GRAM−0.0200%+0.0018%+0.0100%+0.0100%−0.0300%vs Bybit$2.33M

ARB−0.0176%+0.0077%+0.0054%+0.0100%−0.0276%vs Hyperliquid$1.70M

NATGAS+0.0032%+0.0305%—+0.0061%−0.0273%vs Binance$1.27M

USELESS+0.0368%+0.0100%+0.0100%+0.0100%+0.0268%vs Binance$2.21M

GOOGL+0.0264%+0.0043%0.0000%+0.0056%+0.0264%vs Bybit$3.49M

SOXL+0.0256%+0.0065%0.0000%—+0.0256%vs Bybit$1.35M

AAPL+0.0024%0.0000%0.0000%−0.0211%+0.0235%vs Hyperliquid$1.21M

XRP−0.0120%−0.0016%+0.0091%+0.0100%−0.0220%vs Hyperliquid$4.05M

XAG+0.0208%+0.0111%+0.0003%+0.0167%+0.0205%vs Bybit$11.00M

LDO+0.0096%−0.0083%−0.0062%+0.0100%+0.0179%vs Binance$1.44M

DRAM+0.0296%+0.0241%+0.0125%—+0.0171%vs Bybit$1.34M

XAU+0.0168%+0.0097%0.0000%+0.0050%+0.0168%vs Bybit$37.88M

ONDO+0.0096%+0.0029%−0.0046%−0.0065%+0.0161%vs Hyperliquid$1.18M

SOL+0.0088%−0.0052%−0.0044%−0.0070%+0.0158%vs Hyperliquid$20.42M

CRCL+0.0184%+0.0216%+0.0027%+0.0050%+0.0157%vs Bybit$1.97M

WTI−0.0120%−0.0158%−0.0273%−0.0143%+0.0153%vs Bybit$18.96M

NVDA+0.0200%+0.0243%+0.0252%+0.0050%+0.0150%vs Hyperliquid$4.17M

PONS+0.0096%+0.0241%+0.0100%+0.0100%−0.0145%vs Binance$2.57M

CASHCAT+0.0240%—+0.0100%+0.0100%+0.0140%vs Bybit$1.71M

INTC+0.0136%0.0000%+0.0129%+0.0059%+0.0136%vs Binance$2.22M

TAO−0.0008%+0.0041%+0.0100%−0.0143%+0.0135%vs Hyperliquid$1.76M

AVAX+0.0088%+0.0061%+0.0015%−0.0025%+0.0113%vs Hyperliquid$1.67M

WLFI+0.0096%+0.0100%−0.0011%+0.0100%+0.0107%vs Bybit$2.00M

MSFT+0.0032%0.0000%0.0000%−0.0074%+0.0106%vs Hyperliquid$2.17M

BRENTOIL+0.0032%0.0000%—−0.0073%+0.0105%vs Hyperliquid$14.02M

SUI+0.0096%+0.0093%−0.0008%−0.0003%+0.0104%vs Bybit$1.92M

QQQ−0.0088%0.0000%0.0000%—−0.0088%vs Binance$10.33M

PUMP+0.0096%+0.0031%+0.0100%+0.0018%+0.0078%vs Hyperliquid$8.74M

HYPE+0.0080%+0.0100%+0.0002%+0.0100%+0.0078%vs Bybit$29.23M

JUP+0.0096%+0.0036%+0.0019%+0.0100%+0.0077%vs Bybit$1.49M

NEAR+0.0096%+0.0063%+0.0019%+0.0100%+0.0077%vs Bybit$15.03M

BTC+0.0096%+0.0100%+0.0023%+0.0100%+0.0073%vs Bybit$311.2M

ZEC+0.0096%+0.0032%+0.0080%+0.0100%+0.0064%vs Binance$28.78M

EURUSD0.0000%—0.0000%+0.0059%−0.0059%vs Hyperliquid$3.85M

LINK+0.0096%+0.0039%+0.0037%+0.0100%+0.0059%vs Bybit$3.39M

OPENAI−0.0008%+0.0050%0.0000%—−0.0058%vs Binance$2.63M

PAXG+0.0096%+0.0092%+0.0100%+0.0042%+0.0054%vs Hyperliquid$2.77M

SKHY+0.0008%−0.0045%0.0000%—+0.0053%vs Binance$2.04M

MON+0.0096%+0.0100%+0.0045%+0.0100%+0.0051%vs Bybit$1.37M

ANTHROPIC0.0000%+0.0050%0.0000%—−0.0050%vs Binance$3.55M

MU+0.0120%+0.0135%+0.0075%—+0.0045%vs Bybit$1.86M

XPL+0.0056%+0.0065%+0.0100%+0.0100%−0.0044%vs Bybit$5.66M

AAVE+0.0096%+0.0078%+0.0052%+0.0100%+0.0044%vs Bybit$7.76M

HOOD+0.0040%0.0000%0.0000%+0.0050%+0.0040%vs Binance$6.08M

ETH−0.0032%−0.0050%−0.0056%+0.0004%−0.0036%vs Hyperliquid$204.2M

ASTER+0.0072%+0.0037%+0.0069%+0.0100%+0.0035%vs Binance$2.02M

SPY+0.0032%0.0000%0.0000%+0.0024%+0.0032%vs Binance$12.60M

MSTR+0.0032%0.0000%0.0000%+0.0050%+0.0032%vs Binance$6.19M

SPCX+0.0032%0.0000%0.0000%—+0.0032%vs Binance$4.69M

TSLA+0.0032%+0.0022%0.0000%+0.0050%+0.0032%vs Bybit$1.49M

BNB+0.0096%+0.0066%+0.0100%+0.0100%+0.0030%vs Binance$5.21M

TRUMP+0.0096%+0.0067%+0.0100%+0.0100%+0.0029%vs Binance$1.49M

LIT+0.0072%+0.0100%+0.0100%+0.0100%−0.0028%vs Binance$100.6M

LTC+0.0096%+0.0077%+0.0100%+0.0100%+0.0019%vs Binance$1.55M

ZRO+0.0096%+0.0100%+0.0100%+0.0085%+0.0011%vs Hyperliquid$7.58M

ENA+0.0096%+0.0100%+0.0100%+0.0100%−0.0004%vs Binance$5.06M

XMR+0.0096%+0.0100%+0.0100%+0.0100%−0.0004%vs Binance$4.19M

ETHFI+0.0096%+0.0100%+0.0100%+0.0100%−0.0004%vs Binance$2.20M

AERO+0.0096%+0.0100%+0.0100%+0.0100%−0.0004%vs Binance$1.20M

HBAR+0.0096%+0.0100%+0.0100%+0.0100%−0.0004%vs Binance$1.10M

USDJPY0.0000%—0.0000%−0.0002%+0.0002%vs Hyperliquid$1.34M

STRC0.0000%0.0000%——0.0000%vs Binance$1.92M

68 markets · spread is Lighter minus the venue · highlighted cell marks the venue it is measured against