OP funding rate on Lighter
Over the last 30 days, OP funding on Lighter averaged +10.0% APR and stayed positive 98.3% of the time, ranging from -21.7% to +10.5%. Right now it pays longs pay shorts at +10.5% APR, settled every 1h across 10 venues we track. The most reliable delta-neutral pairing for OP right now is long Kraken / short Lighter at +65.3% net APR (medium risk, ~0.9d to break even).
OP funding history on Lighterlast 30d
- Backtested (30d)
- -1.2%
- Stability
- 71.5%
- Risk
- medium
- Breakeven
- ~0.9d
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
| Exchange | Funding APR |
|---|---|
| Variational | +10.95% |
| SoDEX | +10.95% |
| Lighter | +10.51% |
| Hyperliquid | +8.21% |
| Aster | +7.95% |
| dYdX | +0.00% |
| TxFlow | -4.01% |
| Grvt | -13.03% |
| Extended | -18.40% |
| Kraken | -63.09% |
Frequently asked
What is the current OP funding rate on Lighter?
OP on Lighter is funding at 10.51% APR (0.0012% every 1h), paid longs pay shorts, as of 2026-10-28 08:46 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 Kraken and short Lighter, currently 65.3% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.