Do longs or shorts pay MU funding right now?

On Aster, neither side pays; On Lighter, longs pay shorts 0.0016% per hour (14.02% APR). These are the latest rates; they change every hour, so the 7- and 30-day averages on this page say more about what a position has paid.

Which venue has the highest MU funding rate?

Right now Lighter, at 0.0016% per hour, against 0.0000% on Aster: a gap of 0.0016% per hour (14.02% APR) before trading costs. A gap is not a profit: fees on four trades, price gaps between venues and funding that flips usually eat most of it.

How often is MU funding paid?

Lighter pays MU funding every hour. Aster pays every 8, 4 or 1 hours depending on the market; this page divides its rate by that interval so it compares per hour. Funding is charged on the position's value, not on margin.

MU funding rate

MU funding is 0.0000% per hour on Aster (0.00% APR) and 0.0016% per hour on Lighter (14.02% APR). A positive rate means longs pay shorts.

Data as of Nov 11, 2026, 05:38 UTC. Refreshed about every minute.

Current rate by venue

Venue	Market	Per hour	APR	Per day on $10,000	Open interest
Aster	MU	0.0000%	0.00%	Long pays $0.00	–
Lighter	MU	0.0016%	14.02%	Long pays $3.84	$3.2M

Gap between venues: 0.0016% per hour (14.02% APR), highest on Lighter, lowest on Aster. Before trading costs; see why the net is much smaller.

Funding history, last 30 days

Over the last 30 days MU funding averaged 5.04% APR on Aster and 10.48% APR on Lighter. From each venue's settled funding payments, as of Nov 10, 2026, 20:10 UTC.

Venue	24 h avg (APR)	7 d avg (APR)	30 d avg (APR)	Payments where longs paid (30 d)
Aster	2.04%	-1.25%	5.04%	44%
Lighter	12.30%	17.27%	10.48%	92%

AsterLighterDaily average funding, annualised (APR), UTC days.

Method and sources

Rates are per hour: Hyperliquid and Lighter pay hourly; Aster's rate is divided by the market's funding interval (8, 4 or 1 hours). APR = rate per hour × 24 × 365, not compounded. Averages are total funding paid over the period divided by its hours. A positive rate means longs pay shorts. Live rates refresh about every minute, history every 15 minutes.

More: MU perp markets by venue, all funding rates, how hourly funding works

Frequently asked questions

Do longs or shorts pay MU funding right now?: On Aster, neither side pays; On Lighter, longs pay shorts 0.0016% per hour (14.02% APR). These are the latest rates; they change every hour, so the 7- and 30-day averages on this page say more about what a position has paid.
Which venue has the highest MU funding rate?: Right now Lighter, at 0.0016% per hour, against 0.0000% on Aster: a gap of 0.0016% per hour (14.02% APR) before trading costs. A gap is not a profit: fees on four trades, price gaps between venues and funding that flips usually eat most of it.
How often is MU funding paid?: Lighter pays MU funding every hour. Aster pays every 8, 4 or 1 hours depending on the market; this page divides its rate by that interval so it compares per hour. Funding is charged on the position's value, not on margin.