// File 03 Funding
Funding, across four exchanges.
Every hour one side of a perpetual pays the other. When Lighter's rate drifts away from Binance, Bybit and Hyperliquid, one side is crowded. All rates are annualised so they compare on one scale.
VenuesLighter · Binance · Bybit · HyperliquidScale% per yearRefreshevery 60sHistory7 days, hourly
Rate sheet
| Market | Lighter | Binance | Bybit | Hyperliquid | Gap vs others |
|---|---|---|---|---|---|
| Reading funding from four venues… | |||||