What is the average funding rate on Hyperliquid?
The mean funding rate across 178 Hyperliquid perpetual markets is +1.26 bps, equivalent to +13.8% annualized after normalizing each market to an 8-hour basis.
Hyperliquid funding rate history
Hyperliquid lists 178 perpetual markets with funding rate data. The current mean funding rate across Hyperliquid perps is 1.26 bps (13.76% APY) (8h-normalized so it can be compared across venues with different funding intervals).
Highest Hyperliquid funding rates
- GRIFFAIN: 27.37 bps (299.65% APY)
- CHIP: 7.44 bps (81.50% APY)
- SYRUP: 6.96 bps (76.19% APY)
Lowest Hyperliquid funding rates
- SAND: -8.26 bps (-90.40% APY)
- 2Z: -7.65 bps (-83.79% APY)
- NXPC: -3.43 bps (-37.58% APY)
Largest absolute Hyperliquid funding rates
Markets with the most extreme Hyperliquid funding (positive or negative): GRIFFAIN (27.37 bps), SAND (-8.26 bps), 2Z (-7.65 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 2026-10-05T19:09:59Z (UTC).
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FAQs
Hyperliquid funding rate questions
Hyperliquid currently reports funding for 178 perpetual futures markets with a mean 8-hour-normalized rate of +1.26 bps.
Which Hyperliquid perpetual has the highest funding rate?
GRIFFAIN has the highest current Hyperliquid funding rate at +27.37 bps, or +299.7% annualized.
Which Hyperliquid perpetual has the lowest funding rate?
SAND has the lowest current Hyperliquid funding rate at -8.26 bps, or -90.4% annualized.
Which Hyperliquid market has the most extreme funding?
GRIFFAIN has the largest absolute funding rate on Hyperliquid at +27.37 bps. Absolute magnitude identifies the market furthest from a flat rate, regardless of sign.
What does a positive Hyperliquid funding rate mean?
A positive normalized rate means longs pay shorts on that Hyperliquid perpetual. A negative rate means shorts pay longs. The payment direction is market-specific and can differ across symbols on the same venue.
