Hyperliquid(HYPE) Funding Rate
| Exchange | Current | Interval | Next funding | 24h total | 7d total | 30d total | APR | |
|---|---|---|---|---|---|---|---|---|
| 0.0050%4h | 4h | 0h 6m | 0.0112% | 0.171% | 0.694% | 10.95% | Trade | |
| 0.0074% | 8h | 4h 6m | 0.0210% | 0.088% | 0.527% | 8.06% | Trade | |
| 0.0100% | 8h | 4h 6m | 0.0300% | 0.122% | 0.534% | 10.95% | Trade | |
| -0.0029%4h | 4h | 0h 6m | -0.0048% | 0.038% | 0.357% | -6.35% | Trade | |
| -0.0010%1h | 1h | 0h 6m | 0.0094% | 0.137% | 0.986% | -8.55% | Trade | |
| -0.0027%4h | 4h | 0h 6m | -0.0247% | 0.055% | 0.491% | -5.91% | Trade | |
| 0.0050%4h | 4h | 0h 6m | 0.0112% | 0.171% | 0.582% | 10.95% | Trade | |
| 0.0050% | 8h | 0h 6m | 0.0264% | 0.191% | 0.451% | 5.47% | Trade |
HYPE funding rate history · Hyperliquid
| Exchange | Current | Interval | Next funding | 24h total | 7d total | 30d total | APR | |
|---|---|---|---|---|---|---|---|---|
| 0.0069% | 8h | 4h 6m | 0.0130% | 0.138% | 0.628% | 7.61% | Trade | |
| -0.0006% | 8h | 4h 6m | -0.0001% | 0.099% | 0.617% | -0.64% | Trade | |
| 0.0031% | 8h | 4h 6m | 0.0120% | 0.125% | 0.566% | 3.41% | Trade | |
| -0.0033% | 8h | 4h 6m | 0.0059% | 0.131% | 0.583% | -3.61% | Trade | |
| 0.0013%1h | 1h | 0h 6m | 0.0154% | 0.162% | 0.787% | 10.95% | Trade | |
| -0.0090% | 8h | 4h 6m | 0.0097% | 0.133% | 0.589% | -9.85% | Trade | |
| 0.0069% | 8h | 4h 6m | 0.0127% | 0.137% | 0.626% | 7.56% | Trade | |
| 0.0100% | 8h | 4h 6m | 0.0259% | 0.203% | 0.584% | 10.95% | Trade |
BTC funding rate history · Hyperliquid
| Exchange | Current | Interval | Next funding | 24h total | 7d total | 30d total | APR | |
|---|---|---|---|---|---|---|---|---|
| 0.0010% | 8h | 4h 6m | -0.0027% | 0.049% | 0.347% | 1.11% | Trade | |
| -0.0057% | 8h | 4h 6m | -0.0136% | -0.008% | 0.317% | -6.20% | Trade | |
| -0.0006% | 8h | 4h 6m | 0.0048% | 0.074% | 0.304% | -0.61% | Trade | |
| -0.0094% | 8h | 4h 6m | -0.0022% | 0.054% | 0.396% | -10.29% | Trade | |
| 0.0011%1h | 1h | 0h 6m | -0.0240% | 0.057% | 0.528% | 10.01% | Trade | |
| -0.0115% | 8h | 4h 6m | 0.0015% | 0.033% | 0.339% | -12.59% | Trade | |
| 0.0009% | 8h | 4h 6m | -0.0028% | 0.048% | 0.344% | 0.99% | Trade | |
| 0.0055% | 8h | 4h 6m | 0.0242% | 0.198% | 0.180% | 6.02% | Trade |
ETH funding rate history · Hyperliquid
| Exchange | Current | Interval | Next funding | 24h total | 7d total | 30d total | APR | |
|---|---|---|---|---|---|---|---|---|
| -0.0142% | 8h | 4h 6m | -0.0240% | 0.049% | 0.441% | -15.55% | Trade | |
| -0.0235% | 8h | 4h 6m | -0.0144% | 0.048% | 0.366% | -25.72% | Trade | |
| -0.0210% | 8h | 4h 6m | -0.0076% | 0.039% | 0.279% | -22.98% | Trade | |
| -0.0097% | 8h | 4h 6m | -0.0273% | -0.019% | 0.293% | -10.62% | Trade | |
| -0.0018%1h | 1h | 0h 6m | -0.0065% | 0.016% | 0.455% | -15.47% | Trade | |
| -0.0248% | 8h | 4h 6m | -0.0169% | 0.081% | 0.343% | -27.16% | Trade | |
| -0.0142% | 8h | 4h 6m | -0.0239% | 0.048% | 0.439% | -15.55% | Trade | |
| 0.0100% | 8h | 4h 6m | 0.0300% | 0.196% | 0.409% | 10.95% | Trade |
SOL funding rate history · Hyperliquid
The Hyperliquid funding rate is the periodic payment that keeps a perpetual contract’s price close to the spot market. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. Payments pass between traders, are charged on the position’s notional value, and settle every hour on Hyperliquid, while several other venues settle every 4 or 8 hours.
Reading the figures
Rates on different schedules cannot be compared directly, so they are converted to common bases:
- Current: the rate for the venue’s next settlement, quoted per its own interval.
- 8h equivalent: the open-interest-weighted rate across all listed venues, rescaled to an 8-hour period. Venues holding more open positions count for more.
- APR: the current rate annualized. For an hourly venue, APR = hourly rate × 24 × 365. In a hypothetical example, 0.00125% per hour × 8,760 hours = 10.95%.
- 24h, 7d and 30d totals: the sum of rates actually paid over each window, which shows what a position held through the whole period would have paid or received.
A position’s cost for one settlement is notional × rate. In a hypothetical case, a $10,000 long at 0.001% pays $0.10 that hour.
What drives it
Funding rises when the perpetual trades above its index price, usually because leveraged demand is concentrated on one side, and falls or turns negative when the contract trades below it. Hyperliquid also includes an interest component of 0.01% per 8 hours, which is why a quiet market tends to settle near the 10.95% APR figure. Comparing funding with open interest and the long/short ratio helps show whether crowding is building.
Limits
APR assumes today’s rate holds for a year, which it rarely does. Hourly settlement means a rate spike costs money within the hour. Spreads between venues can hint at arbitrage, but fees and execution eat into it.
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