RAY funding rate on Lighter
Over the last 30 days, RAY funding on Lighter averaged +1.2% APR and stayed positive 86.2% of the time, ranging from -323.0% to +34.5%. Right now it pays longs pay shorts at +10.5% APR, settled every 1h across 5 venues we track. The most reliable delta-neutral pairing for RAY right now is long Kraken / short Lighter at +69.9% net APR (high risk, ~1.1d to break even).
RAY funding history on Lighterlast 30d
- Backtested (30d)
- +67.3%
- Stability
- 88.8%
- Risk
- high
- 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 RAY funding compares across venues
| Exchange | Funding APR |
|---|---|
| TxFlow | +10.95% |
| Lighter | +10.51% |
| Phoenix | -44.63% |
| Variational | -72.31% |
| Kraken | -72.85% |
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 2026-10-27 15:42 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 Kraken and short Lighter, currently 69.9% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.