HYPE funding rate explained
Right now Hyperliquid (HYPE) perpetual futures trade on 9 exchanges we track. The highest funding is on Binance at +0.030% per day, the lowest on Hyperliquid at -0.016%. The average across all venues is +0.023% per day, or about +8.5% a year. Positive funding means HYPE longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.046% per day. A delta-neutral position that shorts HYPE on Binance and goes long on Hyperliquid would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live HYPE arbitrage board for the price side of the trade.
Settlement intervals differ: HYPE funding is paid every 1 hour, 4 hours and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: HYPE arbitrage · Hyperliquid price · funding rates for all coins.