OP funding rate on Lighter

Funding APR
-34.16%
-0.0039% / 1h
Interval
1h
next 09:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
11
listing this pair

Over the last 30 days, OP funding on Lighter averaged +3.8% APR and stayed positive 79.4% of the time, ranging from -126.5% to +10.5%. Right now it pays shorts pay longs at -34.2% APR, settled every 1h across 11 venues we track. The most reliable delta-neutral pairing for OP right now is long Variational / short Extended at +37.5% net APR (medium risk, ~1.1d to break even).

as of 2026-07-29 08:34 UTC

OP funding history on Lighterlast 30d

30d average
+3.82%
Range
-126% / 11%
% positive
79.4%
Volatility
14.9
Best delta-neutral pairing
Long Variational / Short Extended
+37.5% net APR
Backtested (30d)
+6.5%
Stability
100%
Risk
medium
Breakeven
~1.1d

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

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How OP funding compares across venues

ExchangeFunding APR
Extended+11.39%
Grvt+10.95%
Aster+10.95%
SoDEX+10.95%
Hyperliquid+4.69%
dYdX+0.00%
EdgeX-10.95%
Kraken-18.07%
Paradex-24.23%
Variational-32.81%
Lighter-34.16%

Frequently asked

What is the current OP funding rate on Lighter?

OP on Lighter is funding at -34.16% APR (-0.0039% every 1h), paid shorts pay longs, as of 2026-07-29 08:34 UTC.

How often does Lighter pay funding on OP?

Every 1 hour.

How do I earn OP funding without price risk?

Open a delta-neutral position: long Variational and short Extended, currently 37.5% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy