HyENA lists 24 perpetual markets with funding rate data. The current mean funding rate across HyENA perps is 1.32 bps (14.50% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest HyENA funding rates

• HYPE: 6.54 bps (71.59% APY)
• PEPE: 5.36 bps (58.66% APY)
• FARTCOIN: 4.25 bps (46.58% APY)

Lowest HyENA funding rates

• SOL: -0.66 bps (-7.20% APY)
• XRP: -0.19 bps (-2.03% APY)
• XAG: 0.00 bps (0.00% APY)

Largest absolute HyENA funding rates

Markets with the most extreme HyENA funding (positive or negative): HYPE (6.54 bps), PEPE (5.36 bps), FARTCOIN (4.25 bps).

About HyENA funding rates

Funding payments keep HyENA perpetual contracts pinned to the underlying spot price. A positive HyENA funding rate means longs pay shorts — the long side is crowded and willing to pay to hold the position. A negative HyENA funding rate means shorts pay longs. All rates on this page are normalized to an 8-hour basis so HyENA can be compared directly with venues that fund hourly, every 4 hours, or on any other schedule.

Last updated 2026-07-20T06:39:52Z (UTC).