What is the average funding rate on Hyperliquid?
The mean funding rate across 177 Hyperliquid perpetual markets is +3.16 bps, equivalent to +34.6% annualized after normalizing each market to an 8-hour basis.
Hyperliquid funding rate history
Hyperliquid lists 177 perpetual markets with funding rate data. The current mean funding rate across Hyperliquid perps is 3.16 bps (34.63% APY) (8h-normalized so it can be compared across venues with different funding intervals).
Highest Hyperliquid funding rates
- SAGA: 79.34 bps (868.76% APY)
- APEX: 44.10 bps (482.85% APY)
- AZTEC: 19.24 bps (210.65% APY)
Lowest Hyperliquid funding rates
- ACE: -30.71 bps (-336.28% APY)
- GAS: -8.44 bps (-92.36% APY)
- OP: -3.34 bps (-36.61% APY)
Largest absolute Hyperliquid funding rates
Markets with the most extreme Hyperliquid funding (positive or negative): SAGA (79.34 bps), APEX (44.10 bps), ACE (-30.71 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 2026-08-21T17:13:48Z (UTC).
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FAQs
Hyperliquid funding rate questions
Hyperliquid currently reports funding for 177 perpetual futures markets with a mean 8-hour-normalized rate of +3.16 bps.
Which Hyperliquid perpetual has the highest funding rate?
SAGA has the highest current Hyperliquid funding rate at +79.34 bps, or +868.8% annualized.
Which Hyperliquid perpetual has the lowest funding rate?
ACE has the lowest current Hyperliquid funding rate at -30.71 bps, or -336.3% annualized.
Which Hyperliquid market has the most extreme funding?
SAGA has the largest absolute funding rate on Hyperliquid at +79.34 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.
