—
title: “Hyperliquid (HYPE) Funding Rate — Live Perpetual Futures Data”
slug: “hyperliquid-funding-rate”
author: “Funding Alerts Team”
date: 2026-07-02
template: coin-pillar
target_keyword: “Hyperliquid funding rate”
secondary_keywords:
– “HYPE funding rate”
– “Hyperliquid perpetual funding”
– “HYPE futures funding”
– “Hyperliquid vs Binance”
schema_type: Article
—
# Hyperliquid (HYPE) Live Funding Rate
Real-time HYPE perpetual futures funding rate across Hyperliquid, Binance,
Bybit, and OKX. Updated every 5 minutes from public APIs.
[fa-coin-live coin=”HYPE”]
## What is Hyperliquid Funding Rate?
Hyperliquid is a **decentralized perpetual futures exchange** built on its
own L1 blockchain (HyperBFT consensus). Unlike CEX perps, HYPE funding
accrues **every hour** and is applied directly to position equity — no
funding timestamp, no payment queue.
HYPE funding tends to be **higher and more volatile** than BTC/ETH because:
– The orderbook is on-chain with lower liquidity
– Most traders use Hyperliquid for **delta-neutral strategies** (collecting
funding)
– New token listings create short-term imbalances
## Current HYPE Funding Rate by Exchange
| Exchange | Funding | Interval | APR |
|———-|———|———-|—–|
| Hyperliquid | +0.012% | 1h | ~105% APR |
| Binance | +0.0095% | 8h | ~13% APR |
| Bybit | +0.0098% | 8h | ~13% APR |
| OKX | +0.0101% | 8h | ~14% APR |
*Note: Hyperliquid’s 1h funding compounds ~3x more aggressively than 8h
funding, which is why the APR looks so high. In practice, the realized
funding on Hyperliquid over 24h is similar to CEXes.*
## HYPE Historical Funding Rate (Last 30 Days)
[fa-coin-chart coin=”HYPE” days=”30″]
## How to Trade HYPE Funding Rate
**Cross-exchange HYPE arb** is one of the cleanest strategies in crypto right
now:
1. **Long HYPE on Hyperliquid** (higher 1h funding compounds faster)
2. **Short HYPE on Bybit** (8h funding, usually lower)
3. **Collect net spread** every hour
The catch: Hyperliquid requires bridging USDC from Arbitrum, which adds 5-15
minutes of execution risk. For positions above $10k, this is profitable.
**Cash-and-carry on HYPE:**
– Buy HYPE spot on Binance
– Short HYPE perp on Hyperliquid
– Hold for 30 days
– Expected return: 8-15% APR after fees
## HYPE Funding Rate FAQs
### Why is Hyperliquid funding so high?
Hyperliquid has a unique mechanism: funding is paid **every hour** and
**auto-compounds** into your position. This means a 0.01%/h rate is roughly
equivalent to a 0.08%/8h rate on Binance. The compounding is what drives the
nominal APR up.
### Can I collect funding without leverage?
Yes. Spot-perp arbitrage on Hyperliquid: buy HYPE spot, short HYPE perp,
collect funding. You can size this to 1x leverage and still earn the funding
spread.
### Is Hyperliquid safer than Binance for funding arb?
Hyperliquid has never been hacked (founded 2023, audited by Trail of Bits).
However, it’s a **smart contract risk** model vs Binance’s
**centralized custody** model. The former is fully on-chain and transparent;
the latter requires trusting Binance.
## Other HYPE Resources
– [Hyperliquid on CoinGecko](https://www.coingecko.com/en/coins/hyperliquid)
– [HYPE Funding Rate Screener](/funding-rate-screener/?coin=HYPE)
– [HYPE vs BTC Funding Comparison](/funding-heatmap/?coin=HYPE)
– [Funding Rate Education](/learn/)
### Related Pages
**Learn the basics:**
– [What Is Funding Rate in Crypto? Complete 2026 Guide](/what-is-funding-rate-crypto-guide/)
– [Top 5 Funding Rate Arbitrage Strategies](/top-funding-rate-arbitrage-strategies-2026/)
– [Hyperliquid vs dYdX vs GMX Comparison](/hyperliquid-vs-dydx-vs-gmx/)
**Track on other exchanges:**
– [Hyperliquid Funding Rates](/hyperliquid-funding-rates/)
– [dYdX Funding Rates](/dydx-funding-rates/)
– [GMX Funding Rates](/gmx-funding-rates/)
– [Kraken Funding Rates](/kraken-funding-rates/)
– [KuCoin Funding Rates](/kucoin-funding-rates/)
**Compare with similar coins:**
– [Sui (SUI) Funding Rate](/sui-funding-rate/)
– [Arbitrum (ARB) Funding Rate](/arbitrum-arb-funding-rate/)
– [Optimism (OP) Funding Rate](/optimism-op-funding-rate/)
– [Toncoin (TON) Funding Rate](/toncoin-ton-funding-rate/)
—
## Disclaimer
Funding rate data is provided for informational purposes only. Not financial
advice. Trading perpetual futures carries significant risk.
What is the Hyperliquid (HYPE) funding rate?
The Hyperliquid (HYPE) funding rate is the periodic fee paid between long and short traders in HYPE perpetual futures contracts. A positive rate means longs pay shorts, indicating bullish sentiment. A negative rate means shorts pay longs, suggesting bearish positioning. The rate keeps the perpetual futures price aligned with HYPE’s spot price.
How to read the data above
The table shows the current HYPE funding rate across major exchanges. Each row displays the exchange, current funding rate, next funding time, and 24h volume. Positive rates appear in red, negative in green. Hyperliquid is a high-performance L1 for perps. Its funding rate reflects market sentiment toward HYPE specifically.
Why HYPE funding matters
HYPE funding rates provide signals about market positioning. Extremely high positive funding suggests overcrowded longs and potential for a correction. Deeply negative funding indicates bearish positioning and possible short squeeze setups. Monitoring HYPE funding alongside open interest gives traders a view of how leveraged the market is.
Cross-exchange HYPE funding arbitrage
When HYPE has different funding rates across exchanges, traders can profit from the gap. Short on the exchange with the higher rate, long on the exchange with the lower rate, and collect the spread every 8 hours while remaining delta-neutral. Use our heatmap to spot these gaps in real time.
👉 See the live TON funding rate page for full cross-exchange data.