RAY funding rate on Lighter

Funding APR
+10.51%
0.0012% / 1h
Interval
1h
next 21:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
4
listing this pair

Over the last 0.2 days, RAY funding on Lighter averaged +31.6% APR and stayed positive 100% of the time, ranging from +10.5% to +114.2%. Right now it pays longs pay shorts at +10.5% APR, settled every 1h across 4 venues we track. The most reliable delta-neutral pairing for RAY right now is long Variational / short Kraken at +164.6% net APR (high risk, ~0.5d to break even).

as of 2026-09-11 20:19 UTC

RAY funding history on Lighterlast 0d

30d average
+31.60%
Range
11% / 114%
% positive
100%
Volatility
41.3
Best delta-neutral pairing
Long Lighter / Short Kraken
+42.5% net APR
Backtested (30d)
+0.0%
Stability
0%
Risk
unknown
Breakeven
~2.2d

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

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How RAY funding compares across venues

ExchangeFunding APR
Kraken+104.71%
Lighter+10.51%
TxFlow-41.56%
Variational-86.89%

Frequently asked

What is the current RAY funding rate on Lighter?

RAY on Lighter is funding at 10.51% APR (0.0012% every 1h), paid longs pay shorts, as of 2026-09-11 20:19 UTC.

How often does Lighter pay funding on RAY?

Every 1 hour.

How do I earn RAY funding without price risk?

Open a delta-neutral position: long Lighter and short Kraken, currently 42.5% net APR (unknown risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy