OP funding rate on Lighter
Over the last 30 days, OP funding on Lighter averaged -4.8% APR and stayed positive 63.8% of the time, ranging from -85.6% to +44.2%. Right now it pays shorts pay longs at -39.4% APR, settled every 1h across 10 venues we track. The most reliable delta-neutral pairing for OP right now is long Variational / short Grvt at +30.6% net APR (low risk, ~1.2d to break even).
OP funding history on Lighterlast 30d
- Backtested (30d)
- +8.2%
- Stability
- 96.1%
- Risk
- low
- Breakeven
- ~0.7d
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 |
|---|---|
| Kraken | +40.88% |
| Hyperliquid | +10.95% |
| Aster | +10.95% |
| Grvt | +10.95% |
| SoDEX | +10.95% |
| dYdX | +0.00% |
| TxFlow | -3.50% |
| Extended | -3.50% |
| Variational | -26.66% |
| Lighter | -39.42% |
Frequently asked
What is the current OP funding rate on Lighter?
OP on Lighter is funding at -39.42% APR (-0.0045% every 1h), paid shorts pay longs, as of 2026-09-12 04:08 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 Lighter and short Grvt, currently 44.7% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.