Hyperliquid funding rates

221 markets · paired against 29 venues

Hyperliquid Funding Rates — live across 221 markets

PERP · 1h funding interval · paired against 29 other venues · updated every few minutes

Live annualized funding for every Hyperliquid perpetual market Perpia scans. Right now 161 of 221 markets pay positive funding (longs pay shorts) and 60 pay negative, with a median of +10.9%. The widest delta-neutral spread involving Hyperliquid on a market with real depth is SOXL: long Lighter / short Hyperliquid at 319.0% net APR.

Markets tracked221in the snapshot
Paying positive161longs pay shorts
Median funding APR+10.9%annualized
Funding interval1hacross its markets

Hyperliquid at a glance

venue registry
Taker fee0.045%venue default
Maker fee0.015%venue default
Volume 24h$8.7Bvenue-wide
Listed markets283OI $14.8B

Fees are the venue's published default tiers — the ones Perpia uses when a market has no per-market override. Volume and open interest are venue-wide, not per market. Hyperliquid website ↗

Hyperliquid funding rate history

last 30 days · annualized
413%0-436.9%
21 Sep21 Oct
KORUCASHCATUNITREE

Over the last 30 days KORU on Hyperliquid averaged +2.2% annualized, ranging from -189.7% to +144.5%; funding was positive 66% of the time. Over the last 30 days CASHCAT on Hyperliquid averaged +24.8% annualized, ranging from -16.6% to +354.1%; funding was positive 98% of the time. Over the last 30 days UNITREE on Hyperliquid averaged -7.7% annualized, ranging from -378.3% to +172.5%; funding was positive 61% of the time. Rates are sampled per settlement and annualized, so venues on different intervals stay comparable. A market that spends most of its time on one side of zero is the one worth holding; a rate that crosses zero often pays only while you watch it.

Highest funding on Hyperliquid

longs pay shorts
Markets with the highest annualized funding on Hyperliquid
MarketFunding APRInterval
CVX+343.1%1h
CXMT+114.3%1h
BOT+104.8%1h
HYUNDAI+104.2%1h
BMNR+101.5%1h
XBI+71.5%1h
NCLD+68.3%1h
GIGADEV+65.9%1h
LYTE+65.9%1h
SKHY+65.5%1h
ZM+64.1%1h
NET+55.2%1h

Most negative funding on Hyperliquid

shorts pay longs
Markets with the most negative annualized funding on Hyperliquid
MarketFunding APRInterval
UNITREE-726.5%1h
KSTR-223.8%1h
SHAZ-221.9%1h
MOODENG-209.9%1h
TWST-185.7%1h
SOXL-160.4%1h
SHEIN-154.6%1h
RDDT-149.1%1h
EWT-109.1%1h
SAND-102.1%1h
BLUR-86.6%1h
BB-85.5%1h

Best Hyperliquid funding spreads

1,359 pairs scanned · net of fees
MarketLongShortNet APRThin leg volMax size
UNITREEHyperliquidOndo Perps343.6%$25K—
KORURisexHyperliquid334.5%$131K—
SOXLLighterHyperliquid319.0%$4.8M—
UNITREEHyperliquidGate.io304.1%$7.7M—
SHAZHyperliquidBitget283.9%$301K—
UNITREEParagonHyperliquid250.3%$746K—
CASHCATHyperliquidLighter241.7%$8.4M—
KORUBybitHyperliquid220.8%$37.4M—
MOODENGHyperliquidGate.io215.3%$219K—
MOODENGHyperliquidBingX209.9%$219K—
CVXOstiumHyperliquid209.0%$77K—
SHAZHyperliquidVariational208.3%$52K—

Net APR is the gross funding spread minus entry and exit fees, both legs' bid/ask spread and estimated slippage. “Max size” is shown only where real order-book depth was available; a dash means the cap is a placeholder, not a measurement.

Hyperliquid versus other exchanges

most shared markets first

The exchanges Hyperliquid currently shares the most markets with. Each pair has its own page with the live spread between the two.

Hyperliquid funding — FAQ

What is the funding rate on Hyperliquid right now?

Across the 221 Hyperliquid perpetual markets Perpia tracks, the median annualized funding is +10.9%. 161 markets currently pay positive funding (longs pay shorts) and 60 pay negative. The highest is CVX at +343.1%.

How often does Hyperliquid pay funding?

Hyperliquid settles funding every 1 hours on all 221 markets tracked here. Perpia annualizes the rate so it is comparable with venues on other intervals.

What is the best Hyperliquid funding arbitrage right now?

Long Lighter and short Hyperliquid on SOXL, worth about 319.0% net APR after estimated fees — the widest delta-neutral spread involving Hyperliquid on a market with at least $1M of 24h volume on the smaller leg in the current snapshot.

How to read a venue funding rate

Funding is a recurring payment between the long and short side of a perpetual, set by each venue from its own perp-versus-spot basis. A positive rate means longs pay shorts. Because every exchange computes it independently — different intervals, clamps and premium windows — the same market can pay positive funding here and negative elsewhere, which is what a delta-neutral funding trade harvests. Perpia annualizes every rate so venues on 1h, 4h and 8h intervals are directly comparable. See the methodology for the exact calculation.