Hyperliquid lists 176 perpetual markets with funding rate data. The current mean funding rate across Hyperliquid perps is -2.39 bps (-26.19% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Hyperliquid funding rates

• APEX: 3.52 bps (38.49% APY)
• ETHFI: 2.47 bps (27.07% APY)
• SYRUP: 1.62 bps (17.75% APY)

Lowest Hyperliquid funding rates

• BLUR: -316.46 bps (-3465.26% APY)
• BANANA: -181.68 bps (-1989.37% APY)
• 0G: -15.47 bps (-169.40% APY)

Largest absolute Hyperliquid funding rates

Markets with the most extreme Hyperliquid funding (positive or negative): BLUR (-316.46 bps), BANANA (-181.68 bps), 0G (-15.47 bps).

About Hyperliquid funding rates

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

Last updated 2026-07-07T14:12:28Z (UTC).