Funding Rate Rebates

The Funding Rate Rebates program enables traders to receive up to a 15% rebate on funding payments incurred on positions paying funding. This program applies to all markets listed on Lighter. The position receiving funding remains unaffected by this program.

How it works

Funding Fee Rebates are based on two components: having a Premium Account and staking. Premium Account traders automatically receive a 6% discount per hourly funding. A trader can earn an additional 9% discount through staking, for a total discount of 15%. The staking bonus scales with the amount of LIT staked and is capped at 9% when staking 50,000 LIT. If you stake less than 50,000 LIT, the discount increases proportionally.

Examples:

• A Premium member with 50,000+ LIT staked receives 6% + 9% = 15% total rebate.

• A Premium member with 25,000 LIT staked receives 6% + 4.5% = 10.5% total rebate.

• A non-Premium account with 50,000 LIT staked receives 9% total rebate.

• A non-Premium account with no LIT staked receives 0% rebate.

Rewards scale based on the amount of LIT staked. The scaling is controlled by an exponent parameter, currently set to 1, meaning rewards increase linearly up to the 50,000 LIT cap. This parameter may be adjusted in the future to refine the reward curve.

Rebates are distributed daily at 00:00 UTC as an L2 transfer to the trader’s account from the Lighter Rebates Fund (0xc4535ceeA637b3B1bcdf5932603A4DbC00Ad2772). The Funding History section displays all paid and pending rebates. A payment will be processed only if the amount exceeds $1.