Live perpetual funding rates from Hyperliquid. Updated every hour.
Use referral code AWD for permanent savings on all trades
Longs pay shorts. Bullish sentiment - longs pay to stay in positions.
Shorts pay longs. Bearish sentiment - shorts pay to maintain positions.
Use referral code AWD for a permanent 4% discount on all trades.
Activate 4% DiscountFunding rates are periodic payments between traders holding long and short positions on perpetual futures. Unlike traditional futures with expiration dates, perpetual contracts use funding rates to keep prices aligned with the spot market.
On Hyperliquid, funding payments occur every hour. When the funding rate is positive, traders with long positions pay those with short positions. When negative, shorts pay longs. The rate is calculated based on the difference between the perpetual price and the underlying spot price.
Funding rates on Hyperliquid typically range from -0.01% to +0.05% per hour, which can translate to significant annualized returns. A +0.01% hourly rate equals approximately 87.6% APR — making funding rate strategies a popular choice for yield-seeking traders.