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Funding rates across venues

What the same perp pays on Lighter, Binance, Bybit and Hyperliquid.

Annualised funding comparison

loading comparable markets

Annualised funding rates for comparable perpetual markets across venues
MarketlighterbinancebybithyperliquidLighter short edge
Shown as annualised rates. The exchange publishes every venue on the same eight-hour funding scale, so these are directly comparable — verified against Lighter’s own hourly rate across all 202 markets that quote on both. Funding is paid on each venue’s own schedule; the rate here is the common scale they are quoted in, not a payment interval. The edge is written for a short against the highest-rate alternative: positive means the short receives more or pays less on Lighter. A long has the opposite preference and should compare the venue rates directly.