BTC funding rate on Lighter

Funding APR
+10.51%
0.0012% / 1h
Interval
1h
next 18:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
26
listing this pair

Over the last 30 days, BTC funding on Lighter averaged +9.1% APR and stayed positive 95% of the time, ranging from -10.9% to +136.3%. Right now it pays longs pay shorts at +10.5% APR, settled every 1h across 26 venues we track. The most reliable delta-neutral pairing for BTC right now is long HotStuff / short TxFlow at +7.3% net APR (high risk, ~2.6d to break even).

as of 2026-09-12 17:22 UTC

BTC funding history on Lighterlast 30d

30d average
+9.08%
Range
-11% / 136%
% positive
95%
Volatility
7.7
Best delta-neutral pairing
Long HotStuff / Short TxFlow
+7.3% net APR
Backtested (30d)
+445.9%
Stability
78.5%
Risk
high
Breakeven
~2.6d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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How BTC funding compares across venues

ExchangeFunding APR
RiseX+19.00%
Extended+11.39%
Pacifica+10.95%
Polymarket+10.95%
Arcus+10.95%
Bulk+10.95%
Grvt+10.95%
Nado+10.95%
Katana+10.93%
Lighter+10.51%
Decibel+10.51%
Lighter RH+10.51%
Paradex+9.70%
Variational+6.55%
Aster+5.26%
SoDEX+4.77%
Kraken+4.52%
TxFlow+4.43%
Hibachi+3.18%
dYdX+0.00%
Perpl+0.00%
Hyperliquid-0.13%
Phoenix-1.81%
Ondo-3.15%
n1xyz-3.50%
HotStuff-8.76%

Frequently asked

What is the current BTC funding rate on Lighter?

BTC on Lighter is funding at 10.51% APR (0.0012% every 1h), paid longs pay shorts, as of 2026-09-12 17:22 UTC.

How often does Lighter pay funding on BTC?

Every 1 hour.

How do I earn BTC funding without price risk?

Open a delta-neutral position: long HotStuff and short TxFlow, currently 7.3% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy