Real-time funding rates for every Hyperliquid perpetual contract. Track crowded longs, crowded shorts, and the cheapest cost-of-carry in the Hyperliquid market.
What is Hyperliquid funding rate?
Hyperliquid (HYPE) is a decentralized perpetual futures exchange built on its own L1 blockchain (HyperBFT consensus). It launched in 2023 and grew to process more volume than several centralized exchanges by 2025. Funding is settled every hour (instead of 8h), on-chain, and supports a deep book of major and altcoin pairs without KYC.
Funding rate is the periodic payment exchanged between long and short traders on Hyperliquid perpetual futures contracts. When the rate is positive, longs pay shorts. When it is negative, shorts pay longs. The rate is calculated from the mark price relative to the index price, with an interest rate component, and typically capped at a small percentage per funding window.
How to read this page
The table below shows every tracked perpetual contract on Hyperliquid with the current funding rate, the 24-hour percentage move, and the 24h trading volume. Rates are color-coded: red indicates positive funding (longs pay shorts), green indicates negative funding (shorts pay longs), and gray indicates funding close to zero. Sort any column by clicking the header. The data refreshes automatically every 5 minutes.
Why Hyperliquid funding matters
Funding is the cleanest signal of positioning in a perpetual contract. When funding is consistently positive, longs are paying a meaningful premium to stay long — historically a sign of crowded positioning. When funding is consistently negative, shorts are paying longs, and a short squeeze becomes more likely. We track these extremes on the funding dashboard.
Cross-exchange comparison
Funding rates often diverge between Hyperliquid, Binance, Bybit, and OKX for the same contract. The largest divergences are highlighted on the funding dashboard, and traders can capture the spread by going long on the lower-funding venue and short on the higher-funding venue. The funding screener lets you filter the same data across all exchanges simultaneously.
Educational resources
New to perpetual futures? Start with the Funding 101 guide. For data sources and methodology, see the methodology page. For trading strategies, see the guides.
| # | Pair | Funding | 24h Change | 24h Volume | Mark Price |
|---|---|---|---|---|---|
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