Hyperliquid Funding Rates — live across 201 markets
PERP · 1h funding interval · paired against 28 other venues · updated every few minutes
Live annualized funding for every Hyperliquid perpetual market Perpia scans. Right now 166 of 201 markets pay positive funding (longs pay shorts) and 30 pay negative, with a median of +10.9%. The widest delta-neutral spread involving Hyperliquid on a market with real depth is PONS: long Hyperliquid / short OKX at 309.3% net APR.
Hyperliquid at a glance
venue registryFees 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 ↗
Highest funding on Hyperliquid
longs pay shorts| Market | Funding APR | Interval |
|---|---|---|
| BMNR | +141.1% | 1h |
| AMAT | +134.3% | 1h |
| SHEIN | +130.1% | 1h |
| SHAZ | +129.6% | 1h |
| CHIP | +125.5% | 1h |
| BSV | +123.8% | 1h |
| CASHCAT | +118.9% | 1h |
| BNB | +100.9% | 1h |
| MRNA | +95.6% | 1h |
| USAR | +87.6% | 1h |
| KAS | +86.6% | 1h |
| VVV | +80.5% | 1h |
Most negative funding on Hyperliquid
shorts pay longs| Market | Funding APR | Interval |
|---|---|---|
| ACE | -318.5% | 1h |
| SKR | -253.3% | 1h |
| MINA | -148.6% | 1h |
| RDDT | -124.8% | 1h |
| MAGS | -97.3% | 1h |
| LYTE | -92.8% | 1h |
| HEMI | -62.9% | 1h |
| NG | -40.3% | 1h |
| QNT | -35.1% | 1h |
| GIGADEV | -34.1% | 1h |
| NOK | -26.4% | 1h |
| PEOPLE | -26.4% | 1h |
Best Hyperliquid funding spreads
1,125 pairs scanned · net of fees| Market | Long | Short | Net APR | 24h vol · lower leg | Max size |
|---|---|---|---|---|---|
| CASHCAT | Hyperliquid | Arcus | 423.9% | $186K | — |
| PONS | Hyperliquid | OKX | 309.3% | $65.9M | — |
| IP | 01 | Hyperliquid | 307.0% | — | — |
| SKR | Hyperliquid | Bybit | 259.0% | $2.7M | — |
| XMR | Hyperliquid | dYdX | 180.0% | $31K | — |
| ZORA | MEXC | Hyperliquid | 171.2% | $1.2M | — |
| ZORA | Binance | Hyperliquid | 168.6% | $1.2M | — |
| ZORA | Aster | Hyperliquid | 164.1% | $97K | — |
| ACE | Binance | Hyperliquid | 162.6% | $523K | — |
| ACE | MEXC | Hyperliquid | 162.5% | $523K | — |
| PONS | Hyperliquid | Aster | 161.4% | $8.7M | — |
| MINA | Hyperliquid | Variational | 153.1% | $77K | — |
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
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 201 Hyperliquid perpetual markets Perpia tracks, the median annualized funding is +10.9%. 166 markets currently pay positive funding (longs pay shorts) and 30 pay negative. The highest is BMNR at +141.1%.
How often does Hyperliquid pay funding?
Hyperliquid settles funding every 1 hours on all 201 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 Hyperliquid and short OKX on PONS, worth about 309.3% 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.