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Hyperliquid funding rates

The current hourly funding rate of every Hyperliquid perpetual, with the simple annualized rate and the predicted funding on Binance and Bybit converted to the same hourly basis, so the venues can be compared side by side.

OI-weighted average (1h)
+0.0008%
+7.3% a year across all perps
Highest rate (1h)
BTC
BTC+0.0013%
Longs pay · +10.9% a year
Lowest rate (1h)
BLUR
BLUR−0.2421%
Shorts pay · −2121.0% a year
Who pays right now
159 longs pay · 19 shorts pay
MarketHyperliquid (1h)
BTC
BTC40x

$3.48B OI

+0.0013%+10.9% a year
ETH
ETH25x

$2.57B OI

+0.0001%+0.6% a year
HYPE
HYPE10x

$1.61B OI

+0.0008%+6.8% a year
ZEC
ZEC10x

$675.24M OI

+0.0013%+10.9% a year
SOL
SOL20x

$565.42M OI

+0.0009%+7.9% a year
NEAR
NEAR10x

$269.39M OI

+0.0013%+10.9% a year
XRP
XRP20x

$224.36M OI

+0.0013%+10.9% a year
PUMP
PUMP10x

$120.71M OI

+0.0013%+10.9% a year
XMR
XMR5x

$120.24M OI

+0.0013%+10.9% a year
LIT
LIT5x

$106.26M OI

0.0000%−0.3% a year
ENA
ENA10x

$96.11M OI

+0.0013%+10.9% a year
DOGE
DOGE10x

$80.23M OI

+0.0013%+10.9% a year
UNI
UNI10x

$79.26M OI

+0.0013%+10.9% a year
VVV
VVV3x

$72.23M OI

+0.0013%+10.9% a year
ZRO
ZRO5x

$65.19M OI

+0.0013%+10.9% a year
WLD
WLD10x

$59.47M OI

+0.0013%+10.9% a year
XPL
XPL10x

$56.88M OI

+0.0013%+10.9% a year
+0.0010%+9.1% a year
AAVE
AAVE10x

$52.69M OI

+0.0013%+10.9% a year
KPEPE

$50.77M OI

+0.0013%+10.9% a year
BNB
BNB10x

$45.89M OI

+0.0013%+10.9% a year
TAO
TAO5x

$39.42M OI

+0.0013%+10.9% a year
STRK

$34.08M OI

+0.0013%+10.9% a year
GRASS

$33.88M OI

+0.0013%+10.9% a year
SUI
SUI10x

$31.83M OI

+0.0013%+10.9% a year

Binance and Bybit columns are the predicted rate for each venue's next funding interval, divided by its interval length (often 4 or 8 hours). Annualized is the hourly rate × 24 × 365 with no compounding; it assumes the rate never changes and is not a forecast.

How to read Hyperliquid funding

Who pays whom

A positive rate means long positions pay short positions; a negative rate means shorts pay longs. Hyperliquid settles funding every hour on the position's notional value, combining a premium component with a fixed interest component of 0.01% per eight hours (about 0.00125% per hour). That is why many quiet markets sit at the same small positive rate.

Comparing venues

Each exchange computes funding from its own prices and pays it on its own schedule. Converting every rate to a per-hour basis makes them comparable, but a gap between venues is not free money: fees, slippage, margin on two venues and liquidation risk all apply, and every rate can change before it is paid.

Indicative public market data, not an executable quote. Values may change before an order is placed.

Frequently asked questions

How often is funding paid on Hyperliquid?

Every hour. The rate shown is the current hourly rate; it can change before the next payment, and it is capped at 4% per hour.

How much funding would a multi-day position cost?

Multiply the position's notional value by the hourly rate and the number of hours. A $10,000 long at 0.0013% per hour held for 72 hours pays about $9.36 if the rate stayed the same. In practice the rate changes every hour, so treat this as an estimate, not a quote.

Why are Hyperliquid funding rates different from Binance and Bybit?

Each venue calculates funding from its own perpetual and index prices and uses its own interval: Hyperliquid pays hourly, while Binance and Bybit usually pay every 4 or 8 hours. The table divides their predicted rates by the interval so all three columns are per hour.

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