Hyperliquid lists 177 perpetual markets with funding rate data. The current mean funding rate across Hyperliquid perps is -0.66 bps (-7.20% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Hyperliquid funding rates

• CHIP: 8.44 bps (92.46% APY)
• XMR: 5.02 bps (54.99% APY)
• CASHCAT: 4.88 bps (53.48% APY)

Lowest Hyperliquid funding rates

• KAITO: -140.45 bps (-1537.92% APY)
• BABY: -13.92 bps (-152.41% APY)
• MOVE: -13.16 bps (-144.12% APY)

Largest absolute Hyperliquid funding rates

Markets with the most extreme Hyperliquid funding (positive or negative): KAITO (-140.45 bps), BABY (-13.92 bps), MOVE (-13.16 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 2026-08-12T22:40:18Z (UTC).