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Hyperliquid Funding Rates (Live, Hourly and APR)

Live funding for every Hyperliquid perpetual, native crypto and HIP-3 stock, index and commodity markets, shown as the hourly rate Hyperliquid actually pays and as APR. Below: the highest and lowest rates, the biggest gaps against Binance and Bybit for the same coin, and HIP-3 funding by deployer. Positive funding means longs pay shorts. For a side-by-side view of every market against Binance and Bybit, see the Hyperliquid overview.

Of 132 liquid Hyperliquid perps (at least $1M 24h volume), 121 pay positive funding (longs pay shorts) and 11 negative; the median is 0.00125% per hour (11.0% APR). The highest is xyz:GIGADEV at 0.01944%/h (170.3% APR) and the lowest is SAGA at -0.28080%/h (-2459.8% APR). BTC pays 0.00125% per hour on Hyperliquid (11.0% APR) against 1.3% APR on Binance, a gap of 9.7% APR; the widest liquid gap is SAGA at -439.8% APR versus Binance. Across 149 HIP-3 markets the median is 0.00063% per hour, below the 0.00125%/h baseline that native perps pay when balanced.

327 Hyperliquid perps (178 crypto, 149 HIP-3)Server history: 4 hoursAs of 17:28 UTC

BTC funding on Hyperliquidper hour
0.00125%
11.0% APRBinance 1.3% APR
Paying positive funding≥ $1M vol
92%
▲ 121 / ▼ 11of 132 liquid perps
Highest fundingxyz:GIGADEV
0.01944%
170.3% APRper hour, ≥ $1M vol
HIP-3 medianper hour
0.00063%
5.5% APR149 HIP-3 markets

Highest Hyperliquid funding

≥ $1M 24h volume
MarketPer hourAPROpen interest
GIGADEVtrade.xyz0.01944%170.3%$1.03M
AR0.01162%101.8%$8.84M
MON0.00947%83.0%$40.45M
GRAM0.00893%78.2%$64.88M
BONK0.00765%67.0%$13.74M
AERO0.00707%61.9%$34.73M
PENDLE0.00568%49.8%$15.97M
MUtrade.xyz0.00564%49.4%$159.35M
ETC0.00563%49.4%$6.52M
EIGEN0.00499%43.7%$6.09M
SUI0.00471%41.3%$98.98M
WLD0.00471%41.2%$99.31M
ENA0.00447%39.2%$174.16M
XPL0.00439%38.5%$105.34M
ETHFI0.00425%37.3%$18.54M

Lowest Hyperliquid funding

≥ $1M 24h volume
MarketPer hourAPROpen interest
SAGA-0.28080%-2459.8%$1.27M
XMR-0.00943%-82.6%$75.84M
TREADParagon-0.00658%-57.6%$630K
TRX-0.00619%-54.3%$13.23M
HOODtrade.xyz-0.00339%-29.7%$41.11M
BRENTOILtrade.xyz-0.00117%-10.3%$147.33M
MSTRtrade.xyz-0.00080%-7.0%$56.80M
WDCtrade.xyz-0.00078%-6.8%$3.05M
SP500trade.xyz-0.00072%-6.3%$340.48M
KIOXIAtrade.xyz-0.00060%-5.3%$9.73M
US500Markets by Kinetiq-0.00025%-2.2%$2.17M
BBtrade.xyz0.00002%0.2%$13.50M
CLtrade.xyz0.00016%1.4%$138.61M
SNDKEntropyIO0.00016%1.4%$4.99M
SKHXtrade.xyz0.00040%3.5%$334.01M

Hyperliquid vs Binance & Bybit: biggest funding gaps

Funding arbitrage →
Market HL per hour HL APR vs CEX APR HL − CEX HL vol 24h
SAGA-0.28080%-2459.8%Binance-2020.0%-439.8%$2.40M
2Z0.00125%11.0%Binance-179.9%190.9%$2.81M
XMR-0.00943%-82.6%Binance11.0%-93.5%$11.20M
AR0.01162%101.8%Binance11.0%90.8%$2.29M
MON0.00947%83.0%Binance11.0%72.0%$3.90M
BONK0.00765%67.0%Binance11.0%56.0%$4.37M
GRAM0.00893%78.2%Binance23.1%55.1%$31.21M
AERO0.00707%61.9%Binance11.0%51.0%$6.84M
PENDLE0.00568%49.8%Binance5.7%44.1%$2.96M
ETC0.00563%49.4%Binance11.0%38.4%$1.43M
MUtrade.xyz0.00564%49.4%Bybit82.6%-33.2%$14.76M
EIGEN0.00499%43.7%Binance11.0%32.8%$2.35M
ARB0.00125%11.0%Binance-21.3%32.3%$18.78M
SUI0.00471%41.3%Binance10.5%30.8%$41.96M
WLD0.00471%41.2%Binance11.0%30.3%$77.39M
ENA0.00447%39.2%Binance11.0%28.2%$55.32M
XPL0.00439%38.5%Binance11.0%27.5%$62.39M
SOXLtrade.xyz0.00309%27.1%Bybit0.0%27.1%$3.85M
ETHFI0.00425%37.3%Binance11.0%26.3%$2.81M
HYPE0.00125%11.0%Binance-10.8%21.7%$275.71M

Both legs need at least $1M of 24h volume. Hyperliquid pays hourly and most Binance/Bybit perps every 8 hours, so the gap is compared as APR.

HIP-3 funding by deployer

Stock perps →
Deployer (dex) Markets Median per hour Median APR ▲ / ▼ Open interest Largest market
trade.xyz xyz1080.00063%5.5%80 / 27$3.84BSP500 -0.00072%/h
EntropyIO io80.00194%17.0%8 / 0$59.17MANTH 0.00306%/h
Paragon para290.00013%1.1%15 / 14$17.74MUNITREE 0.00442%/h
Markets by Kinetiq mkts40.00016%1.4%2 / 2$8.56MUSTECH 0.00057%/h

Native Hyperliquid perps pay a 0.00125% per hour baseline when balanced. HIP-3 deployers can scale funding for their markets, so their medians can sit below it.

Every Hyperliquid perp by funding

231 markets · highest APR first
Market Per hour APR 8h equiv. Binance APR Bybit APR Open interest Vol 24h Trade
ANSEMParagon0.03255%285.1%0.2604%——$1.73M$382KTrade
GOAT0.02288%200.4%0.1830%41.9%11.0%$1.68M$176KTrade
STXParagon0.02279%199.6%0.1823%——$438K$186KTrade
BEtrade.xyz0.02127%186.3%0.1701%—143.6%$6.24M$466KTrade
GIGADEVtrade.xyz0.01944%170.3%0.1555%——$1.03M$1.90MTrade
BSV0.01676%146.8%0.1341%11.0%11.0%$1.24M$114KTrade
REZ0.01376%120.5%0.1101%11.0%11.0%$1.72M$203KTrade
HEMI0.01241%108.7%0.0993%13.2%27.8%$954K$200KTrade
AR0.01162%101.8%0.0929%11.0%11.0%$8.84M$2.29MTrade
QNTtrade.xyz0.01069%93.6%0.0855%——$1.48M$641KTrade
MON0.00947%83.0%0.0758%11.0%11.0%$40.45M$3.90MTrade
GRAM0.00893%78.2%0.0714%23.1%11.0%$64.88M$31.21MTrade
BONK0.00765%67.0%0.0612%11.0%-17.2%$13.74M$4.37MTrade
AERO0.00707%61.9%0.0565%11.0%11.0%$34.73M$6.84MTrade
ZHIPUtrade.xyz0.00661%57.9%0.0529%—21.8%$22.86M$108KTrade
BIO0.00620%54.3%0.0496%11.0%11.0%$1.57M$284KTrade
PENDLE0.00568%49.8%0.0455%5.7%11.0%$15.97M$2.96MTrade
MUtrade.xyz0.00564%49.4%0.0451%—82.6%$159.35M$14.76MTrade
ETC0.00563%49.4%0.0451%11.0%11.0%$6.52M$1.43MTrade
DELLtrade.xyz0.00538%47.1%0.0430%—38.0%$7.04M$540KTrade
EIGEN0.00499%43.7%0.0399%11.0%11.0%$6.09M$2.35MTrade
SUI0.00471%41.3%0.0377%10.5%11.0%$98.98M$41.96MTrade
WLD0.00471%41.2%0.0377%11.0%11.0%$99.31M$77.39MTrade
ENA0.00447%39.2%0.0358%11.0%11.0%$174.16M$55.32MTrade
XPL0.00439%38.5%0.0351%11.0%11.0%$105.34M$62.39MTrade
ETHFI0.00425%37.3%0.0340%11.0%11.0%$18.54M$2.81MTrade
SMSNtrade.xyz0.00389%34.1%0.0311%——$69.82M$7.02MTrade
RESOLV0.00382%33.4%0.0305%11.0%11.0%$1.58M$374KTrade
CFX0.00377%33.0%0.0301%11.0%11.0%$3.63M$273KTrade
DYDX0.00368%32.3%0.0295%11.0%11.0%$2.61M$425KTrade
NBIStrade.xyz0.00355%31.1%0.0284%—0.0%$33.98M$907KTrade
ONDO0.00328%28.7%0.0262%11.0%11.0%$81.63M$26.93MTrade
SOXLtrade.xyz0.00309%27.1%0.0247%—0.0%$28.99M$3.85MTrade
ANTHEntropyIO0.00306%26.8%0.0245%——$37.14M$3.46MTrade
ENS0.00288%25.2%0.0230%11.0%11.0%$3.35M$108KTrade
TAO0.00284%24.9%0.0227%11.0%11.0%$105.71M$37.01MTrade
AZTEC0.00280%24.5%0.0224%11.0%11.0%$1.31M$521KTrade
WIF0.00275%24.1%0.0220%11.0%11.0%$8.41M$1.08MTrade
MRVLtrade.xyz0.00273%23.9%0.0219%—0.0%$12.84M$1.27MTrade
INTCtrade.xyz0.00267%23.4%0.0214%—23.2%$153.92M$10.48MTrade
TIA0.00259%22.7%0.0207%11.0%11.0%$6.43M$686KTrade
MORPHO0.00241%21.1%0.0192%11.0%11.0%$7.49M$1.48MTrade
OAIEntropyIO0.00237%20.7%0.0189%——$6.78M$1.02MTrade
DRAMtrade.xyz0.00236%20.6%0.0189%—0.0%$115.68M$36.58MTrade
GRASS0.00235%20.6%0.0188%11.0%11.0%$32.66M$9.94MTrade
VIRTUAL0.00224%19.6%0.0179%11.0%11.0%$12.81M$3.01MTrade
DOGE0.00221%19.3%0.0177%7.3%-3.9%$123.93M$14.09MTrade
DRAMEntropyIO0.00221%19.3%0.0177%—0.0%$298K$328KTrade
KORUtrade.xyz0.00186%16.3%0.0149%—0.0%$3.42M$629KTrade
FIL0.00185%16.2%0.0148%11.0%11.0%$10.61M$2.84MTrade
BTCDParagon0.00178%15.6%0.0143%——$1.12M$541KTrade
FET0.00175%15.3%0.0140%11.0%—$12.71M$2.40MTrade
PUMP0.00173%15.2%0.0139%11.0%—$201.33M$65.40MTrade
MOODENG0.00165%14.4%0.0132%11.0%11.0%$451K$113KTrade
PNUT0.00157%13.8%0.0126%11.0%11.0%$1.56M$123KTrade
NIL0.00139%12.2%0.0111%11.0%11.1%$10.49M$6.43MTrade
BTC0.00125%11.0%0.0100%1.3%2.1%$3.19B$1.13BTrade
ETH0.00125%11.0%0.0100%5.9%3.0%$2.95B$497.69MTrade
ZEC0.00125%11.0%0.0100%11.0%11.0%$825.44M$446.55MTrade
SOL0.00125%11.0%0.0100%-3.3%7.7%$690.48M$218.37MTrade
XRP0.00125%11.0%0.0100%0.0%-5.7%$325.08M$147.70MTrade
NEAR0.00125%11.0%0.0100%5.0%11.0%$402.07M$259.91MTrade
HYPE0.00125%11.0%0.0100%-10.8%-0.7%$1.89B$275.71MTrade
UNI0.00125%11.0%0.0100%10.2%1.3%$113.22M$28.02MTrade
PEPE0.00125%11.0%0.0100%-1.3%-4.7%$39.40M$15.85MTrade
AVAX0.00125%11.0%0.0100%11.0%10.3%$32.19M$11.54MTrade
LINK0.00125%11.0%0.0100%6.8%11.0%$104.59M$17.71MTrade
ADA0.00125%11.0%0.0100%10.4%11.0%$46.17M$8.76MTrade
ARB0.00125%11.0%0.0100%-21.3%-0.4%$37.62M$18.78MTrade
LTC0.00125%11.0%0.0100%11.0%11.0%$55.86M$24.73MTrade
BCH0.00125%11.0%0.0100%11.0%11.0%$11.20M$3.66MTrade
AAVE0.00125%11.0%0.0100%11.0%10.9%$83.49M$10.01MTrade
DASH0.00125%11.0%0.0100%11.0%11.0%$5.07M$4.78MTrade
PENGU0.00125%11.0%0.0100%11.0%11.0%$20.43M$9.04MTrade
TRUMP0.00125%11.0%0.0100%11.0%11.0%$13.06M$3.07MTrade
XLM0.00125%11.0%0.0100%11.0%11.0%$15.69M$2.70MTrade
RUNE0.00125%11.0%0.0100%11.0%-6.6%$3.48M$5.23MTrade
INJ0.00125%11.0%0.0100%-9.0%11.0%$13.67M$8.34MTrade
DOT0.00125%11.0%0.0100%11.0%1.3%$6.13M$3.08MTrade
PONS0.00125%11.0%0.0100%11.0%11.0%$61.75M$19.44MTrade
W0.00125%11.0%0.0100%11.0%11.0%$6.01M$6.94MTrade
SEI0.00125%11.0%0.0100%11.0%0.7%$5.06M$3.13MTrade
APT0.00125%11.0%0.0100%11.0%11.0%$5.59M$4.27MTrade
PYTH0.00125%11.0%0.0100%11.0%11.0%$2.83M$3.00MTrade
HBAR0.00125%11.0%0.0100%11.0%11.0%$8.13M$1.06MTrade
ASTER0.00125%11.0%0.0100%11.0%11.0%$25.00M$2.15MTrade
ICP0.00125%11.0%0.0100%9.9%-7.9%$5.41M$2.83MTrade
LIT0.00125%11.0%0.0100%4.2%11.0%$212.90M$20.35MTrade
JTO0.00125%11.0%0.0100%11.0%11.0%$9.06M$6.24MTrade
FARTCOIN0.00125%11.0%0.0100%11.0%11.0%$39.20M$11.61MTrade
USELESS0.00125%11.0%0.0100%11.0%11.0%$13.09M$6.99MTrade
ZRO0.00125%11.0%0.0100%11.0%11.0%$61.17M$9.19MTrade
VVV0.00125%11.0%0.0100%11.0%11.0%$66.23M$11.31MTrade
SHIB0.00125%11.0%0.0100%11.0%6.4%$3.57M$414KTrade
RENDER0.00125%11.0%0.0100%11.0%11.0%$4.11M$1.19MTrade
2Z0.00125%11.0%0.0100%-179.9%-0.9%$3.54M$2.81MTrade
OP0.00125%11.0%0.0100%11.0%11.0%$3.68M$1.02MTrade
ATOM0.00125%11.0%0.0100%11.0%5.5%$2.94M$604KTrade
KAS0.00125%11.0%0.0100%11.0%11.0%$2.69M$1.04MTrade
LDO0.00125%11.0%0.0100%11.0%11.0%$18.45M$3.05MTrade
JUP0.00125%11.0%0.0100%11.0%11.0%$22.25M$4.25MTrade
CRV0.00125%11.0%0.0100%11.0%5.7%$20.45M$5.07MTrade
ZEN0.00125%11.0%0.0100%11.0%11.0%$2.06M$601KTrade
CAKE0.00125%11.0%0.0100%11.0%11.0%$4.97M$1.39MTrade
WLFI0.00125%11.0%0.0100%11.0%-6.3%$10.52M$561KTrade
GALA0.00125%11.0%0.0100%11.0%6.5%$374K$213KTrade
POL0.00125%11.0%0.0100%11.0%11.0%$7.35M$748KTrade
ORDI0.00125%11.0%0.0100%11.0%11.0%$783K$280KTrade
STX0.00125%11.0%0.0100%11.0%11.0%$1.35M$1.01MTrade
ALGO0.00125%11.0%0.0100%11.0%11.0%$3.28M$779KTrade
STRK0.00125%11.0%0.0100%11.0%11.0%$8.30M$1.64MTrade
ACE0.00125%11.0%0.0100%11.0%41.2%$315K$303KTrade
CHIP0.00125%11.0%0.0100%11.0%-26.7%$12.45M$2.57MTrade
CC0.00125%11.0%0.0100%11.0%11.0%$6.30M$2.80MTrade
BABY0.00125%11.0%0.0100%11.0%11.0%$192K$196KTrade
SUPER0.00125%11.0%0.0100%11.0%11.0%$885K$1.00MTrade
MET0.00125%11.0%0.0100%11.0%11.0%$5.47M$1.01MTrade
MNT0.00125%11.0%0.0100%—11.0%$7.39M$315KTrade
SPX0.00125%11.0%0.0100%11.0%11.0%$8.32M$2.59MTrade
APE0.00125%11.0%0.0100%11.0%11.0%$2.14M$568KTrade
SKY0.00125%11.0%0.0100%11.0%11.0%$4.36M$2.22MTrade
CASHCAT0.00125%11.0%0.0100%—11.0%$43.30M$7.96MTrade
KAITO0.00125%11.0%0.0100%11.0%11.0%$2.10M$542KTrade
BIGTIME0.00125%11.0%0.0100%11.0%11.0%$160K$290KTrade
SAND0.00125%11.0%0.0100%1.1%11.0%$644K$195KTrade
AXS0.00125%11.0%0.0100%11.0%4.1%$518K$171KTrade
0G0.00125%11.0%0.0100%11.0%11.0%$4.02M$1.47MTrade
TNSR0.00125%11.0%0.0100%11.0%11.0%$229K$1.18MTrade
COMP0.00125%11.0%0.0100%11.0%10.0%$1.15M$228KTrade
PAXG0.00125%11.0%0.0100%11.0%11.0%$23.09M$644KTrade
S0.00125%11.0%0.0100%11.0%11.0%$882K$282KTrade
BOME0.00125%11.0%0.0100%11.0%-29.0%$4.25M$332KTrade
SYRUP0.00125%11.0%0.0100%11.0%11.0%$8.37M$1.13MTrade
AVNT0.00125%11.0%0.0100%11.0%11.0%$755K$142KTrade
SUSHI0.00125%11.0%0.0100%11.0%11.0%$477K$206KTrade
ZK0.00125%11.0%0.0100%11.0%11.0%$845K$236KTrade
ZETA0.00125%11.0%0.0100%11.0%11.0%$1.17M$187KTrade
IO0.00125%11.0%0.0100%11.0%11.0%$1.03M$506KTrade
SNX0.00125%11.0%0.0100%11.0%11.0%$456K$124KTrade
ZORA0.00125%11.0%0.0100%11.0%11.0%$1.60M$145KTrade
MEGA0.00125%11.0%0.0100%11.0%-5.1%$6.84M$240KTrade
SKR0.00125%11.0%0.0100%11.0%11.0%$1.51M$930KTrade
IOTA0.00125%11.0%0.0100%11.0%11.0%$1.15M$265KTrade
BERA0.00125%11.0%0.0100%11.0%11.0%$2.11M$192KTrade
POPCAT0.00125%11.0%0.0100%11.0%11.0%$2.80M$442KTrade
IMX0.00125%11.0%0.0100%11.0%11.0%$4.99M$348KTrade
LINEA0.00125%11.0%0.0100%11.0%11.0%$2.83M$122KTrade
BRETT0.00125%11.0%0.0100%11.0%11.0%$308K$356KTrade
AIXBT0.00125%11.0%0.0100%11.0%11.0%$465K$170KTrade
STBL0.00125%11.0%0.0100%11.0%11.0%$2.10M$732KTrade
DYM0.00125%11.0%0.0100%11.0%11.0%$414K$153KTrade
MELANIA0.00125%11.0%0.0100%11.0%11.0%$1.81M$204KTrade
USUAL0.00125%11.0%0.0100%11.0%11.0%$499K$146KTrade
ME0.00125%11.0%0.0100%11.0%-3.6%$315K$114KTrade
CELO0.00125%11.0%0.0100%11.0%11.0%$330K$144KTrade
ALT0.00125%11.0%0.0100%11.0%11.0%$973K$105KTrade
STABLE0.00125%11.0%0.0100%11.0%11.0%$714K$146KTrade
MERL0.00125%11.0%0.0100%11.0%11.0%$494K$130KTrade
BANANA0.00125%11.0%0.0100%11.0%11.0%$213K$157KTrade
PURR0.00125%11.0%0.0100%—0.0%$16.68M$2.44MTrade
APEX0.00125%11.0%0.0100%—11.0%$3.09M$124KTrade
CBRStrade.xyz0.00111%9.8%0.0089%—0.0%$42.37M$405KTrade
SILVERtrade.xyz0.00101%8.9%0.0081%——$236.77M$3.89MTrade
USBONDMarkets by Kinetiq0.00098%8.6%0.0078%——$1.35M$133KTrade
CRWVtrade.xyz0.00073%6.4%0.0059%—0.0%$8.10M$1.24MTrade
TSLAtrade.xyz0.00071%6.2%0.0057%—0.0%$47.25M$3.22MTrade
QCOMtrade.xyz0.00068%6.0%0.0054%—0.0%$7.03M$286KTrade
XYZ100trade.xyz0.00063%5.5%0.0050%——$183.85M$37.42MTrade
SNDKtrade.xyz0.00063%5.5%0.0050%—11.6%$128.25M$5.62MTrade
BABAtrade.xyz0.00063%5.5%0.0050%—0.0%$12.81M$384KTrade
AMDtrade.xyz0.00063%5.5%0.0050%——$16.95M$8.72MTrade
CRCLtrade.xyz0.00063%5.5%0.0050%—0.0%$108.07M$5.35MTrade
METAtrade.xyz0.00063%5.5%0.0050%—0.0%$67.02M$6.71MTrade
NVDAtrade.xyz0.00063%5.5%0.0050%—0.0%$138.38M$4.81MTrade
SKHYtrade.xyz0.00063%5.5%0.0050%—0.0%$192.51M$3.16MTrade
EWYtrade.xyz0.00063%5.5%0.0050%—0.0%$10.49M$4.70MTrade
SPCXtrade.xyz0.00063%5.5%0.0050%—0.0%$119.39M$3.20MTrade
GOLDtrade.xyz0.00063%5.5%0.0050%——$280.29M$4.48MTrade
PLTRtrade.xyz0.00063%5.5%0.0050%—0.0%$14.26M$4.02MTrade
GOOGLtrade.xyz0.00063%5.5%0.0050%—0.0%$108.99M$3.23MTrade
NATGAStrade.xyz0.00063%5.5%0.0050%——$7.08M$3.02MTrade
AAPLtrade.xyz0.00063%5.5%0.0050%—0.0%$35.51M$1.53MTrade
AMZNtrade.xyz0.00063%5.5%0.0050%—0.0%$29.48M$2.38MTrade
MSFTtrade.xyz0.00063%5.5%0.0050%—0.0%$23.99M$2.03MTrade
COINtrade.xyz0.00063%5.5%0.0050%—0.0%$12.95M$1.51MTrade
RKLBtrade.xyz0.00063%5.5%0.0050%—0.0%$10.45M$1.34MTrade
ORCLtrade.xyz0.00063%5.5%0.0050%—0.0%$24.16M$1.04MTrade
AVGOtrade.xyz0.00063%5.5%0.0050%—0.0%$14.66M$668KTrade
ARMtrade.xyz0.00063%5.5%0.0050%—0.0%$5.66M$881KTrade
COPPERtrade.xyz0.00063%5.5%0.0050%——$12.56M$336KTrade
UNITREEtrade.xyz0.00063%5.5%0.0050%—0.0%$20.95M$306KTrade
GMEtrade.xyz0.00063%5.5%0.0050%——$3.26M$391KTrade
AMATtrade.xyz0.00063%5.5%0.0050%—0.0%$2.19M$233KTrade
NETtrade.xyz0.00063%5.5%0.0050%—0.0%$698K$166KTrade
NFLXtrade.xyz0.00063%5.5%0.0050%—17.1%$6.16M$278KTrade
LITEtrade.xyz0.00063%5.5%0.0050%—0.0%$11.74M$199KTrade
TSMtrade.xyz0.00063%5.5%0.0050%—0.0%$9.18M$203KTrade
IRENtrade.xyz0.00063%5.5%0.0050%—23.5%$4.65M$120KTrade
PLATINUMtrade.xyz0.00063%5.5%0.0050%——$4.04M$165KTrade
BNB0.00059%5.2%0.0047%0.0%-9.3%$50.32M$5.46MTrade
USTECHMarkets by Kinetiq0.00057%5.0%0.0046%——$4.29M$2.08MTrade
CXMTtrade.xyz0.00049%4.3%0.0039%—0.0%$48.94M$4.57MTrade
NBISEntropyIO0.00045%3.9%0.0036%—0.0%$9.30M$1.21MTrade
SKHXtrade.xyz0.00040%3.5%0.0032%——$334.01M$14.89MTrade
SNDKEntropyIO0.00016%1.4%0.0013%—11.6%$4.99M$18.08MTrade
CLtrade.xyz0.00016%1.4%0.0012%—0.0%$138.61M$40.12MTrade
XAI0.00009%0.8%0.0007%11.0%11.0%$470K$122KTrade
BBtrade.xyz0.00002%0.2%0.0002%——$13.50M$1.43MTrade
JPYtrade.xyz0.00000%0.0%0.0000%——$29.17M$709KTrade
US500Markets by Kinetiq-0.00025%-2.2%-0.0020%——$2.17M$5.45MTrade
PROVE-0.00029%-2.5%-0.0023%11.0%1.0%$179K$159KTrade
KIOXIAtrade.xyz-0.00060%-5.3%-0.0048%——$9.73M$1.01MTrade
SP500trade.xyz-0.00072%-6.3%-0.0058%——$340.48M$42.45MTrade
WDCtrade.xyz-0.00078%-6.8%-0.0062%—0.0%$3.05M$1.19MTrade
MSTRtrade.xyz-0.00080%-7.0%-0.0064%—0.0%$56.80M$3.11MTrade
BRENTOILtrade.xyz-0.00117%-10.3%-0.0094%——$147.33M$42.17MTrade
PURRDATtrade.xyz-0.00162%-14.2%-0.0130%——$16.26M$696KTrade
CRWDtrade.xyz-0.00246%-21.5%-0.0197%—0.0%$1.35M$156KTrade
EWJtrade.xyz-0.00247%-21.6%-0.0197%—0.0%$1.03M$113KTrade
HOODtrade.xyz-0.00339%-29.7%-0.0271%—0.0%$41.11M$1.44MTrade
SHEINtrade.xyz-0.00492%-43.1%-0.0394%—0.0%$641K$185KTrade
SMALL2000Markets by Kinetiq-0.00584%-51.1%-0.0467%——$756K$510KTrade
TRX-0.00619%-54.3%-0.0495%-44.9%-47.8%$13.23M$2.98MTrade
OTHERSParagon-0.00648%-56.8%-0.0519%——$699K$319KTrade
TREADParagon-0.00658%-57.6%-0.0526%——$630K$2.30MTrade
MRNAtrade.xyz-0.00685%-60.0%-0.0548%—0.0%$2.68M$756KTrade
MINA-0.00840%-73.6%-0.0672%11.0%11.0%$3.51M$421KTrade
XMR-0.00943%-82.6%-0.0754%11.0%11.0%$75.84M$11.20MTrade
FOGO-0.01190%-104.2%-0.0952%11.0%11.0%$906K$569KTrade
NCLDtrade.xyz-0.01589%-139.2%-0.1272%—0.0%$939K$403KTrade
SAGA-0.28080%-2459.8%-2.2464%-2020.0%-3792.8%$1.27M$2.40MTrade

Markets with at least $100K of 24h volume; 96 thinner markets hidden. Funding history isn't on this page yet: it shows live rates only. For every market next to Binance and Bybit with price and OI changes, see the Hyperliquid overview.

Hyperliquid funding FAQ

How often is Hyperliquid funding paid?

Every hour, on the hour, rather than every 8 hours as on most Binance and Bybit perps. The payment is the hourly rate times your position's notional value. To compare with an 8-hour exchange multiply the hourly rate by 8; APR is the hourly rate × 24 × 365. Right now BTC pays 0.00125% per hour (11.0% APR).

How is Hyperliquid funding calculated?

Each hour's rate is the average premium of the perp over its oracle price (sampled every few seconds through the hour) plus an interest component of 0.01% per 8 hours (0.00125% per hour), clamped so a balanced market pays that baseline. The rate is capped at 4% per hour. HIP-3 deployers can scale funding for their markets with a multiplier and set their own interest rate, which is why some HIP-3 markets sit below the native baseline.

How does Hyperliquid funding compare with Binance?

Binance pays funding every 8 hours on most perps (some every 4 hours or hourly) and Hyperliquid every hour, so the raw numbers aren't comparable. This page converts both to APR: a positive gap means longs pay more on Hyperliquid, a negative gap means they pay less. Right now BTC funding on Hyperliquid is 9.7% APR higher than on Binance. Trading the gap (long the cheaper leg, short the dearer one) is funding arbitrage; it is not risk-free, since rates change every interval and each leg can be liquidated on its own.

Why is funding skewed on thin HIP-3 books?

The premium is measured from the prices a sizeable order would fill at, so on a thin book a few orders can push the perp well away from its oracle and swing funding to extremes that a deep market would never show. Outside stock market hours the underlying doesn't trade, so the oracle is maintained by the market's deployer; trade.xyz has announced weekend funding caps for its RWA markets. Check the market's volume and open interest before reading much into a HIP-3 rate.

Is there Hyperliquid funding history here?

Not yet. This page shows live rates only; funding history is on our list but isn't built. For past rates of a single market, Hyperliquid's own app shows its recent funding history.