HYPE funding rate on Lighter
Over the last 30 days, HYPE funding on Lighter averaged +6.2% APR and stayed positive 72% of the time, ranging from -55.6% to +105.9%. Right now it pays longs pay shorts at +7.9% APR, settled every 1h across 26 venues we track. The most reliable delta-neutral pairing for HYPE right now is long Hibachi / short Phoenix at +20.1% net APR (medium risk, ~2.1d to break even).
HYPE funding history on Lighterlast 30d
- Backtested (30d)
- +8.8%
- Stability
- 84.8%
- Risk
- medium
- Breakeven
- ~2.1d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How HYPE funding compares across venues
| Exchange | Funding APR |
|---|---|
| RiseX | +53.77% |
| Kraken | +43.40% |
| Phoenix | +11.99% |
| Extended | +11.39% |
| Variational | +10.95% |
| Arcus | +10.95% |
| Grvt | +10.95% |
| Nado | +10.95% |
| Katana | +10.93% |
| Bulk | +10.63% |
| Decibel | +9.64% |
| Aster | +9.52% |
| HotStuff | +8.76% |
| Lighter | +7.88% |
| Paradex | +4.09% |
| Polymarket | +3.43% |
| Lighter RH | +2.63% |
| TxFlow | +0.28% |
| dYdX | +0.00% |
| Perpl | +0.00% |
| Pacifica | -0.27% |
| Hyperliquid | -1.45% |
| Ondo | -6.92% |
| SoDEX | -7.29% |
| n1xyz | -8.76% |
| Hibachi | -19.82% |
Frequently asked
What is the current HYPE funding rate on Lighter?
HYPE on Lighter is funding at 7.88% APR (0.0009% every 1h), paid longs pay shorts, as of 2026-09-12 12:47 UTC.
How often does Lighter pay funding on HYPE?
Every 1 hour.
How do I earn HYPE funding without price risk?
Open a delta-neutral position: long Hibachi and short Phoenix, currently 20.1% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.